Rand Capital (NASDAQ:RAND) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Rand Capital Co. (NASDAQ:RAND)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.61 and traded as high as $22.50. Rand Capital shares last traded at $22.26, with a volume of 21,553 shares.

Rand Capital Stock Performance

The company has a market capitalization of $57.43 million, a P/E ratio of 4.47 and a beta of 0.44. The stock’s fifty day moving average price is $18.62 and its 200-day moving average price is $17.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99.

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

Rand Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Monday, December 16th will be given a dividend of $4.20 per share. The ex-dividend date of this dividend is Monday, December 16th. Rand Capital’s dividend payout ratio 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.