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

Key Points

• Rand Worldwide Inc.'s stock price gapped up from $14.50 to $15.00 prior to trading, with a volume of 200 shares traded.
• The company recently declared a dividend of $0.25 per share, yielding 333.0%, with a payout ratio of 18.80%.
• Rand Worldwide has a market capitalization of $504.14 million and operates in multiple divisions providing various design automation and data management solutions.

Rand Worldwide Inc. (OTCMKTS:RWWI - )'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $14.50, but opened at $15.00. Rand Worldwide shares last traded at $15.00, with a volume of 200 shares traded.

Rand Worldwide Price Performance

The firm's 50-day moving average is $14.81 and its 200-day moving average is $15.56. The company has a market capitalization of $504.14 million, a PE ratio of 11.28 and a beta of 0.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02.

Rand Worldwide Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 8th will be given a dividend of $0.25 per share. This represents a yield of 333.0%. The ex-dividend date is Thursday, August 7th. Rand Worldwide's dividend payout ratio is presently 18.80%.

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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