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 report sent to investors on Saturday morning. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Down 22.8 %

NASDAQ:SVVC opened at $0.06 on Friday. The company’s 50 day moving average is $0.07 and its 200-day moving average is $0.07. The firm has a market cap of $420,473.00, a price-to-earnings ratio of 0.51 and a beta of 1.49. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.35.

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.