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

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

Firsthand Technology Value Fund Stock Performance

NASDAQ SVVC opened at $0.07 on Tuesday. Firsthand Technology Value Fund has a twelve month low of $0.04 and a twelve month high of $0.40. The stock has a market capitalization of $482,300.00, a PE ratio of 0.58 and a beta of 1.37. The stock has a 50-day simple moving average of $0.07 and a 200 day simple moving average of $0.08.

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.