Daily Journal (NASDAQ:DJCO) Stock Passes Below 200-Day Moving Average – What’s Next?

Daily Journal Co. (NASDAQ:DJCO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $503.20 and traded as low as $407.01. Daily Journal shares last traded at $410.10, with a volume of 17,693 shares changing hands.

Daily Journal Stock Down 3.1 %

The firm’s 50-day simple moving average is $539.69 and its 200 day simple moving average is $503.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26. The company has a market capitalization of $565.94 million, a PE ratio of 7.23 and a beta of 0.94.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in Daily Journal by 23.9% during the third quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after acquiring an additional 39 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Daily Journal in the second quarter worth $210,000. Cross Staff Investments Inc acquired a new stake in shares of Daily Journal during the fourth quarter valued at $227,000. SG Americas Securities LLC purchased a new stake in Daily Journal during the 3rd quarter worth about $245,000. Finally, Miracle Mile Advisors LLC purchased a new position in Daily Journal in the 4th quarter valued at about $250,000. Institutional investors and hedge funds 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.