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

Rand Capital Corporation (NASDAQ:RAND) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.08 and traded as low as $11.15. Rand Capital shares last traded at $11.24, with a volume of 6,485 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Rand Capital in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Rand Capital Trading Down 3.1%

The business has a fifty day simple moving average of $13.71 and a two-hundred day simple moving average of $15.08. The company has a market cap of $33.38 million, a PE ratio of -2.68 and a beta of 0.20.

Rand Capital (NASDAQ:RAND) last released its earnings results on Friday, November 7th. The asset manager reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $1.58 million during the quarter. Rand Capital had a negative net margin of 164.74% and a positive return on equity of 7.12%.

Rand Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Tuesday, December 16th. Rand Capital’s payout ratio is currently -27.62%.

Rand Capital Company Profile

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.