Rand Capital (NASDAQ:RAND) Downgraded to Hold Rating by StockNews.com

Rand Capital (NASDAQ:RAND) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Rand Capital Stock Up 20.4 %

Shares of NASDAQ:RAND traded up $3.96 during midday trading on Tuesday, reaching $23.38. The company had a trading volume of 38,592 shares, compared to its average volume of 19,161. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $22.84 and its 200 day moving average price is $19.27. The stock has a market cap of $60.34 million, a PE ratio of 4.69 and a beta of 0.44. Rand Capital has a 1-year low of $13.69 and a 1-year high of $31.89.

Rand Capital (NASDAQ:RAND) last released its earnings results on Monday, March 10th. The asset manager reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $2.14 million for the quarter. Rand Capital had a return on equity of 6.60% and a net margin of 154.01%.

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.