Firsthand Technology Value Fund (NASDAQ:SVVC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note published on Wednesday. The firm issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Up 14.2 %

Firsthand Technology Value Fund stock opened at $0.06 on Wednesday. The company has a fifty day simple moving average of $0.06 and a 200-day simple moving average of $0.07. The firm has a market capitalization of $393,590.30, a price-to-earnings ratio of 0.48 and a beta of 1.60. Firsthand Technology Value Fund has a 52-week low of $0.04 and a 52-week high of $0.28.

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.