Firsthand Technology Value Fund (NASDAQ:SVVC) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.06 and traded as high as $0.07. Firsthand Technology Value Fund shares last traded at $0.06, with a volume of 2,076 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Firsthand Technology Value Fund in a report on Friday. They set a “hold” rating on the stock.

Firsthand Technology Value Fund Stock Down 1.4 %

The firm has a fifty day simple moving average of $0.07 and a 200-day simple moving average of $0.06. The company has a market cap of $427,869.00, a PE ratio of 0.52 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.