Rand Worldwide (OTCMKTS:RWWI) Posts Earnings Results

Key Points

• Rand Worldwide reported earnings of $0.48 per share for the quarter with a return on equity of 106.88% and a net margin of 18.60%.
• The company announced a dividend of $0.25 per share, representing a significant dividend yield of 333.0%.
• Rand Worldwide's stock increased by $0.75 to reach $16.00 during trading, with a market capitalization of approximately $537.76 million.

Rand Worldwide (OTCMKTS:RWWI - Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported $0.48 earnings per share for the quarter, Zacks reports. Rand Worldwide had a return on equity of 106.88% and a net margin of 18.60%.

Rand Worldwide Stock Performance

Shares of RWWI stock traded up $0.75 during trading on Wednesday, reaching $16.00. The company had a trading volume of 5,799 shares, compared to its average volume of 4,085. The company has a market capitalization of $537.76 million, a PE ratio of 12.03 and a beta of 0.02. The firm's 50 day simple moving average is $14.75 and its two-hundred day simple moving average is $15.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. Rand Worldwide has a one year low of $13.75 and a one year high of $23.10.

Rand Worldwide Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 8th were paid a $0.25 dividend. This represents a dividend yield of 333.0%. The ex-dividend date of this dividend was Thursday, August 7th.

About Rand Worldwide

Rand Worldwide, Inc provides design automation and data management solutions primarily in the United States and Canada. It operates in five divisions: IMAGINiT Technologies, Rand Simulation, Facilities Management, ASCENT, and Rand 3D. The IMAGINiT Technologies division resells Autodesk solutions and system integration, and consulting services to customers in the manufacturing, infrastructure, building, and media and entertainment industries; resells Twinmotion visualization software, which provides design professionals to transform architectural models and designs into photorealistic images and immersive videos; offers a range of 3D laser scanning equipment and related software to help architectural, engineering, and construction firms; and sells its own proprietary software products and related services.

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