Rand Capital (NASDAQ:RAND) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Rand Capital Co. (NASDAQ:RANDGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.38 and traded as high as $16.86. Rand Capital shares last traded at $16.67, with a volume of 144 shares changing hands.

Rand Capital Trading Up 1.2 %

The stock’s 50-day simple moving average is $16.89 and its 200-day simple moving average is $16.38. The company has a current ratio of 20.17, a quick ratio of 20.17 and a debt-to-equity ratio of 0.25.

Rand Capital (NASDAQ:RANDGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The asset manager reported $0.44 earnings per share (EPS) for the quarter. Rand Capital had a return on equity of 6.13% and a net margin of 137.44%. The business had revenue of $2.14 million during the quarter.

About Rand Capital

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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.

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