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 note issued on Wednesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

Shares of SVVC stock opened at $0.07 on Wednesday. The firm has a 50-day moving average of $0.07 and a 200-day moving average of $0.08. Firsthand Technology Value Fund has a one year low of $0.04 and a one year high of $0.40. The company has a market cap of $482,300.00, a P/E ratio of 0.58 and a beta of 1.49.

Firsthand Technology Value Fund Company Profile

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.