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

StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note published on Tuesday. The firm issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Down 18.3%

NASDAQ:SVVC opened at $0.05 on Tuesday. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.22. The stock has a market cap of $366,018.30, a price-to-earnings ratio of 0.44 and a beta of 1.59. The stock has a 50-day moving average price of $0.06 and a two-hundred day moving average price of $0.06.

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.