Rand Capital (NASDAQ:RAND) Shares Pass Above 200-Day Moving Average – What’s Next?

Rand Capital Co. (NASDAQ:RAND)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.88 and traded as high as $28.99. Rand Capital shares last traded at $28.00, with a volume of 24,364 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Rand Capital in a research report on Monday, February 17th. They set a “strong-buy” rating for the company.

Rand Capital Trading Down 0.4 %

The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. The firm has a market cap of $72.27 million, a P/E ratio of 5.62 and a beta of 0.44. The firm’s 50-day simple moving average is $21.75 and its 200 day simple moving average is $18.88.

Rand Capital Dividend Announcement

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