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

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

Firsthand Technology Value Fund Stock Down 12.9 %

NASDAQ SVVC opened at $0.06 on Monday. The company has a market capitalization of $420,473.00, a price-to-earnings ratio of 0.51 and a beta of 1.50. Firsthand Technology Value Fund has a twelve month low of $0.04 and a twelve month high of $0.34. The stock has a fifty day simple moving average of $0.07 and a 200 day simple moving average of $0.07.

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.