Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed 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 Stock Down 32.3 %

Shares of SVVC opened at $0.07 on Tuesday. The business’s 50 day moving average is $0.07 and its two-hundred day moving average is $0.08. The firm has a market cap of $447,850.00, a price-to-earnings ratio of 0.54 and a beta of 1.37. Firsthand Technology Value Fund has a 52-week low of $0.04 and a 52-week high of $0.40.

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.