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

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

Firsthand Technology Value Fund Stock Performance

Shares of SVVC opened at $0.06 on Thursday. The company’s 50-day simple moving average is $0.07 and its 200-day simple moving average is $0.06. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.31. The stock has a market capitalization of $427,180.00, a PE ratio of 0.52 and a beta of 1.53.

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.