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

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

Firsthand Technology Value Fund Trading Down 13.5 %

Shares of NASDAQ:SVVC traded down $0.03 on Thursday, hitting $0.20. The company had a trading volume of 5,035 shares, compared to its average volume of 3,083. The stock has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.26. The stock has a market cap of $1.39 million, a price-to-earnings ratio of -0.05 and a beta of 1.44. Firsthand Technology Value Fund has a 1-year low of $0.16 and a 1-year high of $0.98.

Firsthand Technology Value Fund (NASDAQ:SVVC) last announced its quarterly earnings results on Thursday, March 28th. The investment management company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million for the quarter.

Firsthand Technology Value Fund Company Profile

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.