Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated by Analysts 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 Tuesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

SVVC opened at $0.05 on Tuesday. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.28. The stock’s 50 day moving average price is $0.06 and its 200 day moving average price is $0.07. The stock has a market cap of $344,650.00, a P/E ratio of 0.42 and a beta of 1.60.

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.