Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.68% to close at $5.92. Ericsson (ERIC) and China Mobile Communication Co., Ltd. (China Mobile) signed a strategic contract to cooperate on the Internet of Things at the China Mobile Global Partner Conference in Guangzhou, China, on December 20, 2016. The two companies aim to start in-depth cooperation to manage connections efficiently, provide a consistent service to global enterprise consumers and to explore new Internet of Things markets. Moving forward to saw long-term intention, the experts calculate Return on Investment of 9.10%. The stock is going forward its fifty-two week low with 22.57% and lagging behind from its 52-week high price with -39.96%. ERIC last month stock price volatility remained 1.31%.
Rand Capital Corporation (NASDAQ:RAND) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of remains unchanged to 3.19 with around 0 shares have changed hands in this session. Rand Capital Corporation (NASDAQ:RAND) declared that the U.S. Small Business Administration issued a “green light” or “go forth” letter inviting Rand to continue its application process to obtain a license to form and operate its second Small Business Investment Company subsidiary.
He continued, “Our proposed SBIC will continue our investment strategy of focusing on privately-held, early stage and emerging growth businesses with proven management teams.” If authorized, the second SBIC license would permit Rand to issue $15 million of additional SBA-guaranteed debentures, supplementing the $7.5 million in cash that would be funded by Rand at the time of licensing. These debentures would have ten-year maturities and fixed interest rates, which would support the Company’s favorable cost of capital. Under the regulations applicable to SBICs, an SBIC may have outstanding debentures guaranteed by the SBA in an amount of up to twice its regulatory capital. The stock is going forward its fifty-two week low with 4.59% and lagging behind from its 52-week high price with -39.24%.
Similar, the positive performance for the quarter recorded as -9.38% and for the year was -12.60%, while the YTD performance remained at 0.95%. RAND has Average True Range for 14 days of 0.11.