Firsthand Technology Value Fund (NASDAQ:SVVC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.07 and traded as high as $0.08. Firsthand Technology Value Fund shares last traded at $0.07, with a volume of 1,111 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Firsthand Technology Value Fund in a research report on Friday. They set a “hold” rating on the stock.

Firsthand Technology Value Fund Stock Performance

The company’s fifty day moving average is $0.07 and its two-hundred day moving average is $0.07. The company has a market cap of $498,363.90, a price-to-earnings ratio of 0.60 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.