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

Equities researchers at StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a report issued on Saturday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 12.9 %

NASDAQ:SVVC opened at $0.08 on Friday. Firsthand Technology Value Fund has a twelve month low of $0.04 and a twelve month high of $0.35. The company has a market capitalization of $544,547.00, a P/E ratio of 0.66 and a beta of 1.49. The firm has a 50-day moving average price of $0.07 and a two-hundred day moving average price of $0.07.

Firsthand Technology Value Fund Company Profile

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.