Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by StockNews.com

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

Firsthand Technology Value Fund Price Performance

Shares of NASDAQ SVVC opened at $0.06 on Friday. The company has a market capitalization of $427,869.00, a P/E ratio of 0.52 and a beta of 1.53. The company has a 50 day simple moving average of $0.07 and a 200-day simple moving average of $0.07. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.30.

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.