Rand Capital (NASDAQ:RAND) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Rand Capital Corporation (NASDAQ:RAND)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.78 and traded as low as $11.68. Rand Capital shares last traded at $11.8450, with a volume of 12,942 shares.

Analysts Set New Price Targets

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

Rand Capital Trading Up 0.4%

The business has a 50-day moving average price of $13.18 and a 200 day moving average price of $14.73. The company has a market cap of $33.80 million, a price-to-earnings ratio of -2.71 and a beta of 0.20.

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

Rand Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a $0.29 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.16 dividend on an annualized basis and a yield of 10.2%. Rand Capital’s payout ratio is -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.