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

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

Firsthand Technology Value Fund Stock Performance

NASDAQ:SVVC opened at $0.07 on Friday. The company has a market capitalization of $482,510.00, a PE ratio of 0.58 and a beta of 1.50. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.35. The company has a 50 day simple moving average of $0.07 and a two-hundred day simple moving average 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.