Rand Capital (NASDAQ:RAND) Releases Earnings Results

Rand Capital (NASDAQ:RAND) announced its earnings results on Friday. The asset manager reported $0.33 EPS for the quarter, Zacks reports. Rand Capital had a positive return on equity of 6.97% and a negative net margin of 90.42%.

Rand Capital Price Performance

NASDAQ:RAND traded down $0.16 during mid-day trading on Friday, reaching $13.77. The stock had a trading volume of 1,423 shares, compared to its average volume of 8,725. The business’s 50 day moving average is $14.44 and its 200 day moving average is $16.06. Rand Capital has a fifty-two week low of $13.40 and a fifty-two week high of $31.89. The stock has a market cap of $40.89 million, a P/E ratio of -5.67 and a beta of 0.25.

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Rand Capital currently has a consensus rating of “Sell”.

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.