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

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

Firsthand Technology Value Fund Stock Performance

Shares of NASDAQ SVVC opened at $0.06 on Tuesday. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.31. The company has a market cap of $420,290.00, a price-to-earnings ratio of 0.51 and a beta of 1.50. The business’s 50 day moving average price is $0.07 and its 200-day moving average price 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.