Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Announces Quarterly Earnings Results

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) announced its earnings results on Wednesday. The company reported ($7.90) EPS for the quarter, FiscalAI reports. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.03%. The firm had revenue of $26.98 million during the quarter.

Daily Journal Corp. (S.C.) Stock Performance

DJCO stock traded up $2.65 during midday trading on Friday, reaching $603.87. 72,187 shares of the company’s stock traded hands, compared to its average volume of 63,433. The company has a 50-day moving average price of $570.05 and a two-hundred day moving average price of $535.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.42 and a current ratio of 15.42. Daily Journal Corp. has a 52 week low of $348.63 and a 52 week high of $674.75. The firm has a market capitalization of $833.35 million, a PE ratio of -72.87 and a beta of 0.84.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of Daily Journal Corp. (S.C.)

A number of hedge funds and other institutional investors have recently bought and sold shares of DJCO. Advisory Services Network LLC bought a new position in shares of Daily Journal Corp. (S.C.) in the third quarter worth $36,000. Strs Ohio bought a new stake in Daily Journal Corp. (S.C.) during the fourth quarter valued at $49,000. Parallel Advisors LLC grew its position in Daily Journal Corp. (S.C.) by 178.9% during the fourth quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock worth $52,000 after buying an additional 68 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Daily Journal Corp. (S.C.) in the 4th quarter worth about $55,000. Finally, Quantbot Technologies LP bought a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth about $58,000. Institutional investors own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.