Daily Journal (NASDAQ:DJCO) Shares Cross Below 200-Day Moving Average – Here’s Why

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.

Daily Journal Stock Down 3.1 %

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DJCO. Principal Financial Group Inc. grew its position in shares of Daily Journal by 12.7% during the fourth quarter. Principal Financial Group Inc. now owns 710 shares of the company’s stock worth $403,000 after acquiring an additional 80 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in Daily Journal during the 4th quarter worth $650,000. Cross Staff Investments Inc acquired a new position in Daily Journal in the fourth quarter valued at $227,000. SG Americas Securities LLC raised its holdings in shares of Daily Journal by 8.4% in the fourth quarter. SG Americas Securities LLC now owns 541 shares of the company’s stock valued at $307,000 after buying an additional 42 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Daily Journal during the fourth quarter worth about $250,000. 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.