Daily Journal (NASDAQ:DJCO) Shares Gap Down – Here’s Why

Daily Journal Co. (NASDAQ:DJCO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $407.10, but opened at $396.51. Daily Journal shares last traded at $393.70, with a volume of 1,486 shares.

Daily Journal Price Performance

The firm’s 50-day moving average is $411.13 and its two-hundred day moving average is $488.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 12.31 and a quick ratio of 10.26. The company has a market cap of $543.23 million, a P/E ratio of 7.11 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO) last posted its quarterly earnings data 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 20.64%. The company had revenue of $17.70 million during the quarter.

Institutional Investors Weigh In On Daily Journal

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Daily Journal by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,030 shares of the company’s stock worth $1,153,000 after acquiring an additional 212 shares during the period. ProShare Advisors LLC acquired a new position in Daily Journal during the 4th quarter valued at about $222,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Daily Journal by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 788 shares of the company’s stock valued at $448,000 after buying an additional 35 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Daily Journal by 50.6% during the fourth quarter. Lazard Asset Management LLC now owns 872 shares of the company’s stock worth $495,000 after acquiring an additional 293 shares during the last quarter. Finally, Capital Advantage Inc. acquired a new position in shares of Daily Journal during the fourth quarter valued at about $799,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

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.