StockNews.com Initiates Coverage on Firsthand Technology Value Fund (NASDAQ:SVVC)

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a note issued to investors on Tuesday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

SVVC opened at $0.07 on Tuesday. The company has a fifty day moving average of $0.07 and a two-hundred day moving average of $0.08. The stock has a market capitalization of $482,300.00, a price-to-earnings ratio of 0.58 and a beta of 1.37. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.40.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.