StockNews.com Begins Coverage on Firsthand Technology Value Fund (NASDAQ:SVVC)

Stock analysts at StockNews.com began coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

Shares of NASDAQ:SVVC opened at $0.07 on Wednesday. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.40. The company’s 50-day moving average is $0.07 and its 200 day moving average is $0.08. The company has a market capitalization of $482,300.00, a P/E ratio of 0.58 and a beta of 1.49.

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.