StockNews.com Initiates Coverage on Firsthand Technology Value Fund (NASDAQ:SVVC)

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

Firsthand Technology Value Fund Stock Up 0.8 %

SVVC opened at $0.06 on Friday. The business has a fifty day moving average of $0.07 and a 200 day moving average of $0.07. Firsthand Technology Value Fund has a 52-week low of $0.04 and a 52-week high of $0.29. The stock has a market cap of $425,298.10, a P/E ratio of 0.51 and a beta of 1.53.

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.