Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase – Here’s Why

Daily Journal Co. (NASDAQ:DJCOGet Free Report) saw unusually-high trading volume on Friday . Approximately 65,716 shares changed 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 Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 10.26 and a quick ratio of 10.26. The company has a 50-day simple moving average of $553.53 and a 200-day simple moving average of $503.47. The stock has a market cap of $624.86 million, a PE ratio of 7.98 and a beta of 0.94.

Daily Journal (NASDAQ:DJCOGet Free Report) last posted its quarterly earnings results on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after acquiring an additional 39 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Daily Journal during the second quarter worth $210,000. Cross Staff Investments Inc purchased a new stake in Daily Journal during the fourth quarter worth $227,000. SG Americas Securities LLC purchased a new stake in Daily Journal during the third quarter worth $245,000. Finally, Miracle Mile Advisors LLC acquired a new stake in Daily Journal in the fourth quarter valued at $250,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

Daily Journal Company Profile

(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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