Firsthand Technology Value Fund (NASDAQ:SVVC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.07 and traded as high as $0.08. Firsthand Technology Value Fund shares last traded at $0.08, with a volume of 31,697 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Firsthand Technology Value Fund in a report on Saturday. They set a “hold” rating for the company.

Firsthand Technology Value Fund Trading Up 12.9 %

The firm has a market cap of $544,547.00, a price-to-earnings ratio of 0.66 and a beta of 1.49. The company has a fifty day moving average price of $0.07 and a 200-day moving average price of $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.