Daily Journal (NASDAQ:DJCO) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Daily Journal (NASDAQ:DJCO) from a strong sell rating to a sell rating in a research report report published on Friday morning, BidAskClub reports.

Separately, TheStreet upgraded shares of Daily Journal from a d+ rating to a c- rating in a report on Monday, July 22nd.

NASDAQ DJCO opened at $237.23 on Friday. The company has a current ratio of 7.00, a quick ratio of 7.00 and a debt-to-equity ratio of 0.21. The company’s 50 day simple moving average is $219.68 and its 200 day simple moving average is $221.84. Daily Journal has a 12 month low of $192.83 and a 12 month high of $260.00.

Daily Journal (NASDAQ:DJCO) last released its earnings results on Thursday, August 8th. The company reported $1.13 EPS for the quarter. Daily Journal had a negative net margin of 39.39% and a negative return on equity of 4.16%. The business had revenue of $14.52 million for the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Daily Journal by 205.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 244 shares of the company’s stock worth $52,000 after purchasing an additional 164 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Daily Journal by 120.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 245 shares of the company’s stock worth $58,000 after purchasing an additional 134 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Daily Journal in the 1st quarter worth approximately $112,000. Mraz Amerine & Associates Inc. bought a new stake in shares of Daily Journal in the 2nd quarter worth approximately $212,000. Finally, Jane Street Group LLC bought a new stake in shares of Daily Journal in the 2nd quarter worth approximately $263,000. Institutional investors and hedge funds own 39.51% of the company’s stock.

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.

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