Daily Journal (NASDAQ:DJCO) Downgraded to “Sell” at BidaskClub

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

Shares of DJCO stock opened at $271.51 on Tuesday. The company has a quick ratio of 7.00, a current ratio of 7.00 and a debt-to-equity ratio of 0.21. Daily Journal has a one year low of $192.83 and a one year high of $289.40. The company’s 50-day simple moving average is $280.53 and its 200-day simple moving average is $241.62.

A number of institutional investors have recently made changes to their positions in DJCO. Russell Investments Group Ltd. acquired a new stake in Daily Journal during the second quarter valued at approximately $782,000. RWWM Inc. lifted its holdings in Daily Journal by 1.0% during the 2nd quarter. RWWM Inc. now owns 273,641 shares of the company’s stock worth $65,191,000 after buying an additional 2,688 shares during the last quarter. BlackRock Inc. lifted its holdings in Daily Journal by 2.6% during the 2nd quarter. BlackRock Inc. now owns 58,752 shares of the company’s stock worth $13,982,000 after buying an additional 1,495 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Daily Journal in the 2nd quarter worth approximately $263,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of Daily Journal in the 2nd quarter worth approximately $212,000. 43.69% of the stock is owned by hedge funds and other 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.

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