Rand Capital (NASDAQ:RAND) Stock Passes Above 200-Day Moving Average – Time to Sell?

Rand Capital Co. (NASDAQ:RAND) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.54 and traded as high as $20.00. Rand Capital shares last traded at $18.49, with a volume of 10,267 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Rand Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Rand Capital Price Performance

The stock has a market capitalization of $54.10 million, a PE ratio of 3.66 and a beta of 0.40. 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 50 day moving average price of $21.95 and a 200 day moving average price of $19.56.

Rand Capital (NASDAQ:RAND) last released its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $2.14 million during the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%.

Rand Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 6.37%. Rand Capital’s dividend payout ratio is presently 33.92%.

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.