Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

Firsthand Technology Value Fund stock opened at $0.07 on Friday. The firm has a market capitalization of $451,491.50, a P/E ratio of 0.55 and a beta of 1.49. 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 one year low of $0.04 and a one year high of $0.35.

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.