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

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

Firsthand Technology Value Fund Trading Down 9.4 %

NASDAQ:SVVC opened at $0.07 on Friday. The firm has a market capitalization of $451,491.50, a PE ratio of 0.55 and a beta of 1.49. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year 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.

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.