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

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

Firsthand Technology Value Fund Stock Up 13.6 %

NASDAQ:SVVC opened at $0.07 on Friday. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.35. The firm’s fifty day simple moving average is $0.07 and its 200-day simple moving average is $0.07. The stock has a market cap of $482,510.00, a PE ratio of 0.58 and a beta of 1.50.

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.