Rand Capital (NASDAQ:RAND) Shares Pass Above 200 Day Moving Average – Should You Sell?

Rand Capital Co. (NASDAQ:RAND)’s stock 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 Up 1.3 %

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 company has a market capitalization of $57.43 million, a P/E ratio of 4.47 and a beta of 0.44. The stock has a 50 day moving average price of $18.62 and a 200 day moving average price of $17.61.

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

Rand Capital Announces Dividend

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