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

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

Firsthand Technology Value Fund Price Performance

SVVC opened at $0.07 on Friday. The company has a market capitalization of $513,528.50, a P/E ratio of -0.05 and a beta of 1.37. The firm’s fifty day moving average price is $0.07 and its two-hundred day moving average price is $0.10. Firsthand Technology Value Fund has a fifty-two week low of $0.04 and a fifty-two week high of $0.40.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its earnings results on Wednesday, August 14th. The investment management company reported ($0.03) earnings per share 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.