Rand Capital (NASDAQ:RAND) Downgraded to Sell at ValuEngine

Share on StockTwits

ValuEngine cut shares of Rand Capital (NASDAQ:RAND) from a hold rating to a sell rating in a report published on Monday morning, ValuEngine reports.

Separately, TheStreet lowered shares of Rand Capital from a c rating to a d+ rating in a report on Monday, August 26th.

Shares of NASDAQ:RAND traded up $0.02 during trading hours on Monday, hitting $2.73. The company’s stock had a trading volume of 43,100 shares, compared to its average volume of 20,772. Rand Capital has a 52 week low of $2.14 and a 52 week high of $3.60. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $2.58 and its 200 day moving average price is $2.68.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Tuesday, August 6th. The asset manager reported ($0.02) EPS for the quarter. Rand Capital had a negative net margin of 5.13% and a positive return on equity of 0.07%. The business had revenue of $0.58 million during the quarter.

An institutional investor recently bought a new position in Rand Capital stock. Winthrop Partners WNY LLC purchased a new stake in Rand Capital Co. (NASDAQ:RAND) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,596 shares of the asset manager’s stock, valued at approximately $121,000. Winthrop Partners WNY LLC owned approximately 0.77% of Rand Capital as of its most recent filing with the SEC. Hedge funds and other institutional investors own 13.04% of the company’s stock.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in venture capital and private equity investments. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It generally lends to more mature companies.

Featured Article: What causes a stock to be most active?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Rand Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Capital and related companies with MarketBeat.com's FREE daily email newsletter.