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Daily Journal (NASDAQ:DJCO) Shares Cross Below 200 Day Moving Average - Time to Sell?

Daily Journal logo with Consumer Staples background

Shares of Daily Journal Co. (NASDAQ:DJCO - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $477.33 and traded as low as $374.34. Daily Journal shares last traded at $377.40, with a volume of 3,994 shares traded.

Daily Journal Stock Up 3.3 %

The stock has a fifty day moving average price of $392.63 and a two-hundred day moving average price of $474.61. The company has a market cap of $539.76 million, a price-to-earnings ratio of 7.07 and a beta of 0.89. The company has a quick ratio of 10.26, a current ratio of 12.31 and a debt-to-equity ratio of 0.10.

Daily Journal (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $7.91 earnings per share (EPS) for the quarter. The business had revenue of $17.70 million during the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%.

Institutional Trading of Daily Journal

Several large investors have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company's stock worth $99,000 after buying an additional 39 shares in the last quarter. State Street Corp lifted its stake in Daily Journal by 18.3% in the 3rd quarter. State Street Corp now owns 32,968 shares of the company's stock valued at $16,158,000 after purchasing an additional 5,092 shares during the last quarter. Barclays PLC increased its holdings in shares of Daily Journal by 343.1% during the third quarter. Barclays PLC now owns 2,233 shares of the company's stock worth $1,094,000 after buying an additional 1,729 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Daily Journal during the 3rd quarter valued at $3,137,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Daily Journal during the third quarter worth about $309,000. Institutional investors and hedge funds own 51.23% of the company's stock.

Daily Journal Company Profile

(Get Free Report)

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.

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