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

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a research note published on Tuesday. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 5.2 %

SVVC stock opened at $1.02 on Tuesday. Firsthand Technology Value Fund has a twelve month low of $0.89 and a twelve month high of $4.15. The company has a market capitalization of $7.03 million, a P/E ratio of -0.12 and a beta of 1.41. The firm has a 50 day simple moving average of $1.06 and a 200-day simple moving average of $1.31.

Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The investment management company reported ($1.28) earnings per share for the quarter. The firm had revenue of ($8.30) million for the quarter.

Hedge Funds Weigh In On Firsthand Technology Value Fund

An institutional investor recently bought a new position in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. acquired a new position in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned 0.33% of Firsthand Technology Value Fund at the end of the most recent reporting period. 12.31% of the stock is owned by institutional investors and hedge funds.

Firsthand Technology Value Fund Company Profile

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Firsthand Technology Value Fund, Inc is a publicly traded investment fund that provides private technology and cleantech companies with development funding and working capital, primarily in the form of equity investments. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources.