Rand Capital (NASDAQ:RAND) Stock Passes Above 200-Day Moving Average – Here’s Why

Rand Capital Co. (NASDAQ:RAND)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.10 and traded as high as $23.40. Rand Capital shares last traded at $23.11, with a volume of 20,787 shares.

Rand Capital Stock Up 0.4 %

The business’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $18.10. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $59.62 million, a PE ratio of 4.64 and a beta of 0.44.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings data on Wednesday, November 6th. The asset manager reported $0.46 earnings per share for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%. The company had revenue of $2.22 million for the quarter.

Rand Capital Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, December 16th were issued a $4.20 dividend. The ex-dividend date of this dividend was Monday, December 16th. Rand Capital’s dividend payout ratio (DPR) is 337.35%.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.