Rand Capital (NASDAQ:RAND) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Rand Capital Co. (NASDAQ:RAND) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.88 and traded as high as $22.25. Rand Capital shares last traded at $21.95, with a volume of 6,457 shares traded.

Rand Capital Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The company has a market cap of $56.81 million, a PE ratio of 4.42 and a beta of 0.44. The company has a 50-day moving average price of $19.59 and a two-hundred day moving average price of $17.94.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings results 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 firm had revenue of $2.22 million during the quarter.

Rand Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders 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 is currently 337.35%.

About Rand Capital

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.