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

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

Firsthand Technology Value Fund Price Performance

Firsthand Technology Value Fund stock opened at $0.06 on Wednesday. The firm has a 50 day simple moving average of $0.06 and a 200-day simple moving average of $0.07. The stock has a market cap of $393,590.30, a price-to-earnings ratio of 0.48 and a beta of 1.60. Firsthand Technology Value Fund has a 1-year low of $0.04 and a 1-year high of $0.28.

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.