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

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

Firsthand Technology Value Fund Stock Performance

Shares of Firsthand Technology Value Fund stock opened at $0.08 on Monday. Firsthand Technology Value Fund has a 52-week low of $0.04 and a 52-week high of $0.40. The company has a fifty day moving average of $0.07 and a 200-day moving average of $0.09. The stock has a market capitalization of $525,362.50, a price-to-earnings ratio of 0.64 and a beta of 1.37.

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.