Daily Journal (NASDAQ:DJCO) Share Price Crosses Below Two Hundred Day Moving Average of $324.22

Shares of Daily Journal Co. (NASDAQ:DJCO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $324.22 and traded as low as $312.75. Daily Journal shares last traded at $315.11, with a volume of 2,432 shares trading hands.

The company has a quick ratio of 14.00, a current ratio of 14.00 and a debt-to-equity ratio of 0.13. The firm has a market cap of $434.85 million, a price-to-earnings ratio of 2.98 and a beta of 0.75. The business has a 50 day moving average price of $328.89 and a 200-day moving average price of $324.22.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in Daily Journal by 8.9% during the 2nd quarter. Royal Bank of Canada now owns 536 shares of the company’s stock valued at $181,000 after purchasing an additional 44 shares in the last quarter. American International Group Inc. grew its stake in Daily Journal by 7.0% during the 1st quarter. American International Group Inc. now owns 706 shares of the company’s stock valued at $223,000 after purchasing an additional 46 shares in the last quarter. Morgan Stanley grew its stake in Daily Journal by 4.2% during the 2nd quarter. Morgan Stanley now owns 1,439 shares of the company’s stock valued at $487,000 after purchasing an additional 58 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Daily Journal during the 2nd quarter valued at approximately $27,000. Finally, Bank of New York Mellon Corp grew its stake in Daily Journal by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 3,426 shares of the company’s stock valued at $1,084,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 40.31% of the company’s stock.

About Daily Journal (NASDAQ:DJCO)

Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. It operates through the Traditional Business and Journal Technologies segments. The Traditional Business segment publishes newspapers of general circulation. The Journal Technologies segment provides case management software and related services to courts and other justice agencies.

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