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

StockNews.com began coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a report issued on Thursday morning. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

NASDAQ SVVC opened at $0.06 on Thursday. The business has a 50-day moving average price of $0.07 and a 200-day moving average price of $0.08. The firm has a market cap of $442,820.30, a price-to-earnings ratio of 0.22 and a beta of 1.49. Firsthand Technology Value Fund has a twelve month low of $0.04 and a twelve month high of $0.35.

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.