Daily Journal (NASDAQ:DJCO) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Daily Journal Co. (NASDAQ:DJCO) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $500.82 and traded as low as $420.12. Daily Journal shares last traded at $433.53, with a volume of 38,064 shares traded.

Daily Journal Trading Up 1.5 %

The company’s fifty day moving average price is $503.19 and its two-hundred day moving average price is $500.82. The company has a current ratio of 10.26, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. The firm has a market cap of $598.27 million, a P/E ratio of 7.64 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings data on Monday, December 30th. The company reported $19.41 EPS for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Trading of Daily Journal

Hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Daily Journal during the 3rd quarter worth approximately $3,137,000. State Street Corp raised its holdings in Daily Journal by 18.3% during the 3rd quarter. State Street Corp now owns 32,968 shares of the company’s stock worth $16,158,000 after buying an additional 5,092 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Daily Journal by 133.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock worth $4,226,000 after buying an additional 4,924 shares during the period. Dimensional Fund Advisors LP raised its holdings in Daily Journal by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company’s stock worth $21,457,000 after buying an additional 3,635 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Daily Journal by 341.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,966 shares of the company’s stock worth $1,454,000 after buying an additional 2,294 shares during the period. 51.23% of the stock is currently owned by institutional investors and hedge funds.

About Daily Journal

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.