Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

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

Firsthand Technology Value Fund Price Performance

Shares of SVVC stock opened at $0.06 on Friday. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.51. The stock’s 50-day moving average is $0.06 and its two-hundred day moving average is $0.16. The firm has a market cap of $413,580.00, a P/E ratio of -0.02 and a beta of 1.33.

Firsthand Technology Value Fund (NASDAQ:SVVC) last released its quarterly earnings data on Wednesday, August 14th. The investment management company reported ($0.03) EPS for the quarter. The company had revenue of $0.03 million during the quarter.

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.