Daily Journal (NASDAQ:DJCO) Upgraded at BidaskClub

BidaskClub upgraded shares of Daily Journal (NASDAQ:DJCO) from a sell rating to a hold rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

Daily Journal stock traded down $0.38 during trading hours on Wednesday, hitting $230.05. 24 shares of the stock were exchanged, compared to its average volume of 864. Daily Journal has a 12 month low of $192.83 and a 12 month high of $257.70. The stock has a 50-day moving average of $225.21. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.21.

Daily Journal (NASDAQ:DJCO) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($1.23) earnings per share for the quarter. Daily Journal had a negative net margin of 54.01% and a negative return on equity of 6.21%. The business had revenue of $10.71 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Daily Journal by 2.5% in the fourth quarter. BlackRock Inc. now owns 60,559 shares of the company’s stock worth $14,170,000 after buying an additional 1,459 shares in the last quarter. Geode Capital Management LLC raised its stake in Daily Journal by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 9,956 shares of the company’s stock valued at $2,329,000 after purchasing an additional 617 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Daily Journal during the 1st quarter worth approximately $112,000. Rhumbline Advisers boosted its holdings in Daily Journal by 42.0% in the 4th quarter. Rhumbline Advisers now owns 1,658 shares of the company’s stock worth $388,000 after acquiring an additional 490 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Daily Journal by 419.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 421 shares of the company’s stock valued at $99,000 after buying an additional 340 shares during the last quarter. 39.07% of the stock is currently owned by institutional investors.

About Daily Journal

Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.

Featured Article: Calculating net profit and net profit margin ratio

Receive News & Ratings for Daily Journal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daily Journal and related companies with MarketBeat.com's FREE daily email newsletter.