Firsthand Technology Value Fund (NASDAQ:SVVC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note released on Monday morning. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Down 24.5 %

NASDAQ SVVC opened at $0.06 on Monday. Firsthand Technology Value Fund has a 12-month low of $0.04 and a 12-month high of $0.29. The company has a market capitalization of $394,279.60, a PE ratio of 0.48 and a beta of 1.60. The firm’s 50 day moving average is $0.06 and its 200-day moving average is $0.07.

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.