Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by Analysts at StockNews.com

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

Firsthand Technology Value Fund Price Performance

Shares of NASDAQ:SVVC opened at $0.07 on Friday. The firm’s 50 day simple moving average is $0.07 and its 200 day simple moving average is $0.07. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.35. The company has a market capitalization of $482,510.00, a price-to-earnings ratio of 0.58 and a beta of 1.50.

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.