Daily Journal (NASDAQ:DJCO) Sees Strong Trading Volume – Time to Buy?

Daily Journal Co. (NASDAQ:DJCOGet Free Report) saw unusually-strong trading volume on Friday . Approximately 65,716 shares traded hands during mid-day trading, an increase of 116% from the previous session’s volume of 30,400 shares.The stock last traded at $467.51 and had previously closed at $483.14.

Daily Journal Stock Performance

The firm has a fifty day simple moving average of $557.13 and a two-hundred day simple moving average of $502.51. The firm has a market cap of $642.60 million, a price-to-earnings ratio of 8.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.26 and a quick ratio of 10.26.

Daily Journal (NASDAQ:DJCOGet Free Report) last posted 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DJCO. FMR LLC grew its position in Daily Journal by 23.9% during the third quarter. FMR LLC now owns 202 shares of the company’s stock valued at $99,000 after buying an additional 39 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Daily Journal during the 2nd quarter valued at about $210,000. SG Americas Securities LLC purchased a new position in shares of Daily Journal in the 3rd quarter valued at about $245,000. Miracle Mile Advisors LLC acquired a new position in Daily Journal in the 4th quarter worth about $250,000. Finally, Principal Financial Group Inc. purchased a new position in Daily Journal during the third quarter worth approximately $309,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.

About Daily Journal

(Get Free Report)

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.

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