Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase – What’s Next?

Daily Journal Co. (NASDAQ:DJCO) saw unusually-strong trading volume on Friday . Approximately 65,716 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 30,400 shares.The stock last traded at $467.51 and had previously closed at $483.14.

Daily Journal Stock Down 3.6 %

The company has a market cap of $642.60 million, a PE ratio of 8.20 and a beta of 0.94. The company has a fifty day moving average of $557.13 and a two-hundred day moving average of $502.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Hedge Funds Weigh In On Daily Journal

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in Daily Journal by 23.9% in the third 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. Miracle Mile Advisors LLC bought a new position in shares of Daily Journal during the 4th quarter worth $250,000. SG Americas Securities LLC purchased a new position in shares of Daily Journal during the third quarter valued at $245,000. The Manufacturers Life Insurance Company purchased a new stake in Daily Journal in the second quarter worth about $210,000. Finally, Principal Financial Group Inc. bought a new position in Daily Journal during the 3rd quarter worth about $309,000. Institutional investors own 51.23% of the company’s stock.

About Daily Journal

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.