Daily Journal (NASDAQ:DJCO) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Daily Journal Co. (NASDAQ:DJCO)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $500.82 and traded as low as $420.12. Daily Journal shares last traded at $433.53, with a volume of 38,064 shares traded.

Daily Journal Stock Performance

The company’s 50-day moving average price is $497.30 and its 200 day moving average price is $500.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26. The stock has a market capitalization of $594.50 million, a PE ratio of 7.60 and a beta of 0.90.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Monday, December 30th. The company reported $19.41 earnings per share (EPS) for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Hedge Funds Weigh In On Daily Journal

Several hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Daily Journal by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,030 shares of the company’s stock worth $1,153,000 after buying an additional 212 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Daily Journal in the fourth quarter worth $222,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $448,000 after buying an additional 35 shares in the last quarter. Lazard Asset Management LLC raised its stake in Daily Journal by 50.6% during 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 in the last quarter. Finally, Capital Advantage Inc. purchased a new stake in Daily Journal during the fourth quarter valued at $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.