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

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

Firsthand Technology Value Fund Stock Performance

Shares of SVVC stock opened at $0.07 on Tuesday. The firm has a market capitalization of $447,850.00, a PE ratio of 0.54 and a beta of 1.37. The stock has a fifty day moving average of $0.07 and a two-hundred day moving average of $0.08. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.40.

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.