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

Rand Capital Co. (NASDAQ:RAND)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.16 and traded as high as $19.47. Rand Capital shares last traded at $19.44, with a volume of 11,176 shares changing hands.

Rand Capital Trading Up 3.7 %

The firm has a market cap of $50.16 million, a P/E ratio of 3.90 and a beta of 0.44. The company has a current ratio of 15.99, a quick ratio of 15.99 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $17.60 and its two-hundred day moving average price is $17.16.

Rand Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, December 16th will be issued a dividend of $4.20 per share. The ex-dividend date is Monday, December 16th. Rand Capital’s payout ratio is 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.