Firsthand Technology Value Fund (NASDAQ:SVVC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note issued to investors on Saturday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 12.9 %

SVVC stock opened at $0.08 on Friday. The company’s 50-day moving average price is $0.07 and its 200 day moving average price is $0.07. Firsthand Technology Value Fund has a 52 week low of $0.04 and a 52 week high of $0.35. The company has a market cap of $544,547.00, a P/E ratio of 0.66 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.