Rand Capital (NASDAQ:RAND) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Rand Capital Corporation (NASDAQ:RAND)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $10.59 and traded as low as $9.77. Rand Capital shares last traded at $9.77, with a volume of 1,219 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Rand Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Rand Capital Stock Performance

The firm has a market cap of $29.36 million, a price-to-earnings ratio of -247.12 and a beta of 0.08. The stock’s 50 day moving average is $10.34 and its 200 day moving average is $10.58. The company has a current ratio of 90.68, a quick ratio of 90.68 and a debt-to-equity ratio of 0.10.

Rand Capital (NASDAQ:RAND) last released its quarterly earnings results on Wednesday, August 5th. The asset manager reported $0.24 earnings per share for the quarter. The company had revenue of $1.39 million during the quarter. Rand Capital had a negative net margin of 2.67% and a positive return on equity of 5.47%.

Rand Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend was Wednesday, August 26th. Rand Capital’s dividend payout ratio (DPR) is -2,900.00%.

About Rand Capital

Rand Capital Corporation is a business development company that provides capital to privately held, lower-middle-market businesses. The company primarily invests through secured and unsecured debt, subordinated debt, and equity or equity-related securities, including warrants and other investments.

Rand Capital works with companies seeking financing for growth, acquisitions, recapitalizations, ownership transitions, and other corporate purposes. Its portfolio companies operate across a range of industries, allowing the company to serve businesses with varied products and services rather than focusing on a single sector.

Headquartered in Buffalo, New York, Rand Capital has roots dating to its establishment in 1969.