Daily Journal (NASDAQ:DJCO) Shares Gap Down – Should You Sell?

Daily Journal Co. (NASDAQ:DJCO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $407.10, but opened at $396.51. Daily Journal shares last traded at $393.70, with a volume of 1,486 shares.

Daily Journal Stock Performance

The stock has a market cap of $543.66 million, a P/E ratio of 7.12 and a beta of 0.90. The company’s 50 day moving average price is $417.76 and its 200-day moving average price is $489.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 12.31.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DJCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Daily Journal by 11.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,030 shares of the company’s stock valued at $1,153,000 after acquiring an additional 212 shares during the period. ProShare Advisors LLC purchased a new position in shares of Daily Journal in the fourth quarter worth about $222,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Daily Journal by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 788 shares of the company’s stock valued at $448,000 after purchasing an additional 35 shares during the period. Lazard Asset Management LLC raised its position in shares of Daily Journal by 50.6% in the fourth quarter. Lazard Asset Management LLC now owns 872 shares of the company’s stock valued at $495,000 after purchasing an additional 293 shares during the period. Finally, Capital Advantage Inc. bought a new position in Daily Journal in the 4th quarter worth approximately $799,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

About Daily Journal

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.