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

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

Firsthand Technology Value Fund Trading Down 6.7 %

SVVC opened at $0.07 on Wednesday. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.31. The stock has a fifty day moving average price of $0.07 and a 200 day moving average price of $0.07. The stock has a market cap of $482,300.00, a price-to-earnings ratio of 0.58 and a beta of 1.50.

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.