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

Equities researchers at StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note issued to investors on Thursday. The firm 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 Thursday. The stock has a market capitalization of $448,045.00, a price-to-earnings ratio of 0.54 and a beta of 1.60. Firsthand Technology Value Fund has a one year low of $0.04 and a one year high of $0.28. The company’s 50-day simple moving average is $0.06 and its 200-day simple moving average 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.