Firsthand Technology Value Fund (NASDAQ:SVVC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.07 and traded as high as $0.08. Firsthand Technology Value Fund shares last traded at $0.08, with a volume of 31,697 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Firsthand Technology Value Fund in a research report on Saturday. They issued a “hold” rating for the company.

Firsthand Technology Value Fund Price Performance

The stock has a market cap of $544,547.00, a price-to-earnings ratio of 0.66 and a beta of 1.49. The business has a 50-day simple moving average of $0.07 and a two-hundred day simple moving average of $0.07.

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.