Daily Journal (NASDAQ:DJCO) Hits New 12-Month High – Should You Buy?

Daily Journal Co. (NASDAQ:DJCO) shares hit a new 52-week high on Tuesday . The stock traded as high as $596.01 and last traded at $596.01, with a volume of 4839 shares trading hands. The stock had previously closed at $589.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.

Daily Journal Stock Performance

The company has a market cap of $787.15 million, a P/E ratio of 17.50 and a beta of 0.91. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $495.73 and its 200 day moving average price is $439.99.

Daily Journal (NASDAQ:DJCO) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. Daily Journal had a net margin of 62.70% and a return on equity of 15.90%. The company had revenue of $17.49 million for the quarter.

Hedge Funds Weigh In On Daily Journal

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in Daily Journal by 23.9% during the third quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after acquiring an additional 39 shares during the period. Lazard Asset Management LLC boosted its stake in Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after buying an additional 311 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Daily Journal during the second quarter worth $210,000. SG Americas Securities LLC acquired a new stake in Daily Journal during the third quarter worth $245,000. Finally, BNP Paribas Financial Markets boosted its stake in Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after buying an additional 176 shares in the last quarter. 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.