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

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

Firsthand Technology Value Fund Stock Down 9.8 %

Shares of SVVC stock opened at $0.07 on Friday. The firm has a 50 day moving average of $0.15 and a 200-day moving average of $0.22. The company has a market cap of $496,080.00, a price-to-earnings ratio of -0.02 and a beta of 1.33. Firsthand Technology Value Fund has a 52 week low of $0.07 and a 52 week high of $0.79.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings results on Tuesday, May 14th. The investment management company reported $0.41 EPS for the quarter. The company had revenue of $0.03 million during the quarter.

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.