Rand Capital (NASDAQ:RAND) Issues Earnings Results

Rand Capital (NASDAQ:RAND) issued its quarterly earnings results on Friday. The asset manager reported $0.33 earnings per share for the quarter, Zacks reports. The firm had revenue of $1.58 million during the quarter. Rand Capital had a negative net margin of 90.42% and a positive return on equity of 6.97%.

Rand Capital Stock Down 1.2%

RAND stock traded down $0.16 during midday trading on Friday, reaching $13.77. The company had a trading volume of 1,423 shares, compared to its average volume of 8,725. Rand Capital has a fifty-two week low of $13.40 and a fifty-two week high of $31.89. The stock has a 50 day moving average price of $14.44 and a 200 day moving average price of $16.06. The firm has a market capitalization of $40.89 million, a PE ratio of -5.67 and a beta of 0.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rand Capital in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.