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

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

Firsthand Technology Value Fund Stock Performance

SVVC stock opened at $0.25 on Wednesday. The firm has a 50 day moving average of $0.24 and a 200-day moving average of $0.26. Firsthand Technology Value Fund has a 12-month low of $0.17 and a 12-month high of $0.98. The company has a market cap of $1.69 million, a price-to-earnings ratio of 1.53 and a beta of 1.43.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings results on Thursday, March 28th. The investment management company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter.

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.