Rand Worldwide (OTCMKTS:RWWI) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up premarket — RWWI closed at $15.00 and opened at $15.75, last trading at $15.50 on light volume of about 1,000 shares.
• Strong recent profitability: the company reported quarterly EPS of $0.60 on $62.83 million revenue, with a 28.3% net margin and an 83.67% return on equity.
• Conservative valuation and low volatility: market cap ~$520.96 million, P/E ~12.8, beta 0.12, and 50-/200-day moving averages near $15.63 and $15.01 respectively.

Rand Worldwide Inc. (OTCMKTS:RWWI - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $15.00, but opened at $15.75. Rand Worldwide shares last traded at $15.50, with a volume of 1,000 shares changing hands.

Rand Worldwide Stock Performance

The business has a 50 day moving average of $15.63 and a two-hundred day moving average of $15.01. The firm has a market cap of $520.96 million, a P/E ratio of 12.81 and a beta of 0.12.

Rand Worldwide (OTCMKTS:RWWI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.60 earnings per share for the quarter. Rand Worldwide had a return on equity of 83.67% and a net margin of 28.30%.The business had revenue of $62.83 million for the quarter.

About Rand Worldwide

Rand Worldwide OTCMKTS: RWWI is a provider of software and professional services for the architecture, engineering and manufacturing markets. The company partners with leading application vendors to offer design software solutions—such as computer-aided design (CAD), building information modeling (BIM) and product lifecycle management (PLM)—and augments those offerings with technical consulting, implementation support, custom application development and training.

The company's portfolio includes specialized engineering software for power system analysis, data management and collaboration tools, and industry-specific design applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.