Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase – Time to Buy?

Daily Journal Co. (NASDAQ:DJCO) saw unusually-high trading volume on Wednesday . Approximately 24,674 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 24,320 shares.The stock last traded at $439.76 and had previously closed at $433.53.

Daily Journal Trading Down 2.8 %

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 business’s 50-day simple moving average is $494.21 and its two-hundred day simple moving average is $499.96. The company has a market capitalization of $561.44 million, a PE ratio of 7.33 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $7.91 EPS for the quarter. Daily Journal had a net margin of 106.63% and a return on equity of 21.39%. The business had revenue of $17.70 million for the quarter.

Hedge Funds Weigh In On Daily Journal

Large investors have recently modified their holdings of the stock. New Age Alpha Advisors LLC bought a new position in shares of Daily Journal during the fourth quarter valued at approximately $37,000. FMR LLC raised its holdings in shares of 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Daily Journal in the 4th quarter worth approximately $170,000. Arizona State Retirement System acquired a new stake in shares of Daily Journal in the 4th quarter worth approximately $215,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Daily Journal in the 4th quarter worth approximately $222,000. 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.