Daily Journal (NASDAQ:DJCO) Shares Gap Down – Time to Sell?

Daily Journal Co. (NASDAQ:DJCO) gapped down prior to trading on Tuesday . The stock had previously closed at $394.50, but opened at $385.52. Daily Journal shares last traded at $392.22, with a volume of 11,162 shares.

Daily Journal Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 12.31 and a quick ratio of 10.26. The company’s fifty day moving average price is $405.29 and its 200 day moving average price is $486.61. The company has a market cap of $544.93 million, a PE ratio of 7.13 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO) last posted its earnings results on Tuesday, February 18th. The company reported $7.91 EPS for the quarter. The firm had revenue of $17.70 million for the quarter. Daily Journal had a net margin of 106.63% and a return on equity of 20.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DJCO. Charles Schwab Investment Management Inc. increased its holdings in Daily Journal by 133.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock worth $4,226,000 after acquiring an additional 4,924 shares during the last quarter. FMR LLC lifted its stake in Daily Journal by 23.9% in the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after purchasing an additional 39 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Daily Journal by 172.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,337 shares of the company’s stock valued at $655,000 after purchasing an additional 847 shares during the period. State Street Corp grew its position in shares of Daily Journal by 18.3% during the 3rd quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after purchasing an additional 5,092 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Daily Journal by 343.1% in the third quarter. Barclays PLC now owns 2,233 shares of the company’s stock worth $1,094,000 after purchasing an additional 1,729 shares during the period. Institutional investors own 51.23% of the company’s stock.

Daily Journal Company Profile

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.