Rand Capital (NASDAQ:RAND) Stock Passes Above 200-Day Moving Average – Here’s Why

Rand Capital Co. (NASDAQ:RAND) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.02 and traded as high as $18.19. Rand Capital shares last traded at $18.12, with a volume of 3,991 shares trading hands.

Rand Capital Stock Performance

The company’s fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $17.04. The company has a market capitalization of $46.44 million, a price-to-earnings ratio of 3.61 and a beta of 0.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.99 and a current ratio of 15.99.

Rand Capital Dividend Announcement

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