Rand Capital (NASDAQ:RAND) Downgraded by StockNews.com to Hold

Rand Capital (NASDAQ:RAND) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Rand Capital Price Performance

Shares of Rand Capital stock traded up $3.96 during trading on Tuesday, hitting $23.38. The stock had a trading volume of 38,592 shares, compared to its average volume of 19,161. 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 firm has a market cap of $60.34 million, a P/E ratio of 4.69 and a beta of 0.44. The business has a fifty day moving average of $22.84 and a two-hundred day moving average of $19.27. Rand Capital has a fifty-two week low of $13.69 and a fifty-two week high of $31.89.

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

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.