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

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

Firsthand Technology Value Fund Price Performance

Firsthand Technology Value Fund stock opened at $0.23 on Monday. The stock’s 50-day moving average is $0.25 and its 200-day moving average is $0.27. The company has a market cap of $1.60 million, a price-to-earnings ratio of -0.04 and a beta of 1.43. Firsthand Technology Value Fund has a 12 month low of $0.17 and a 12 month high of $0.98.

Hedge Funds Weigh In On Firsthand Technology Value Fund

A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. bought a new stake in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned approximately 0.33% of Firsthand Technology Value Fund as of its most recent filing with the Securities & Exchange Commission. 52.70% of the stock is currently owned by institutional investors and hedge funds.

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.