Time to Buy Rand Capital Corporation (RAND) After The Completion of This Bullish Double Top Chart Pattern?

Rand Capital Corporation (NASDAQ:RAND) Logo

Investors sentiment decreased to 1.33 in 2019 Q1. Its down Infinity, from Infinity in 2018Q4. It turned negative, as 1 investors sold Rand Capital Corporation shares while 2 reduced holdings. 3 funds opened positions while 1 raised stakes. 731,228 shares or 55.89% less from 1.66 million shares in 2018Q4 were reported.
Moreover, Shufro Rose Limited has 0.05% invested in Rand Capital Corporation (NASDAQ:RAND). Raffles Lp holds 0.17% in Rand Capital Corporation (NASDAQ:RAND) or 55,000 shares. National Bank Of America De invested 0% in Rand Capital Corporation (NASDAQ:RAND). Associated Banc holds 300,000 shares or 0.05% of its portfolio. Minerva Advisors Ltd Llc reported 15,495 shares. Brown Advisory has invested 0% in Rand Capital Corporation (NASDAQ:RAND). Morgan Stanley, a New York-based fund reported 1,963 shares.

The chart of Rand Capital Corporation (RAND) shows a double top with $3.00 target or 6.00 % above today’s $2.83 share price. The 9 months chart pattern indicates low risk for the $17.87 million company. It was reported on Jul, 10 by Finviz.com. If the $3.00 price target is reached, the company will be worth $1.07M more. Double tops are rare but powerful chart patterns.

The stock increased 4.71% or $0.1271 during the last trading session, reaching $2.8271. About 737 shares traded. Rand Capital Corporation (NASDAQ:RAND) has risen 5.42% since July 10, 2018 and is uptrending. It has outperformed by 0.99% the S&P500.

More notable recent Rand Capital Corporation (NASDAQ:RAND) news were published by: Nasdaq.com which released: “New Zimbabwe dollar heading same way as old one – Nasdaq” on June 25, 2019, also Nasdaq.com with their article: “South Africa’s rand steady as Fed cut bets fade – Nasdaq” published on July 08, 2019, Nasdaq.com published: “U.S. STOCKS ON THE MOVE-L3Harris, Ovid, CyberOptics, Amarin – Nasdaq” on July 02, 2019. More interesting news about Rand Capital Corporation (NASDAQ:RAND) were released by: Nasdaq.com and their article: “South African rand slips after strong gains last week – Nasdaq” published on June 24, 2019 as well as Nasdaq.com‘s news article titled: “South Africa’s Amplats expects 80 pct jump in half-year earnings – Nasdaq” with publication date: June 25, 2019.

Rand Capital Corporation is a business development firm specializing in venture capital and private equity investments. The company has market cap of $17.87 million. 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 has a 30.73 P/E ratio. It generally lends to more mature companies.

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