Daily Journal (NASDAQ:DJCO) Hits New 52-Week High – Here’s What Happened

Daily Journal Co. (NASDAQ:DJCO)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $518.00 and last traded at $518.00, with a volume of 3189 shares. The stock had previously closed at $509.84.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

Daily Journal Stock Performance

The firm’s 50 day moving average is $484.91 and its 200 day moving average is $431.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. The stock has a market cap of $796.27 million, a P/E ratio of 15.64 and a beta of 0.91.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. The business had revenue of $17.49 million during the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%.

Institutional Investors Weigh In On Daily Journal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its holdings in Daily Journal by 115.2% in the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after purchasing an additional 311 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Daily Journal during the second quarter worth about $210,000. SG Americas Securities LLC acquired a new stake in Daily Journal during the 3rd quarter worth approximately $245,000. BNP Paribas Financial Markets boosted its holdings in Daily Journal by 34.9% in the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after purchasing an additional 176 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Daily Journal during the third quarter worth about $309,000. Hedge funds and other 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.