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 research note issued on Saturday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 12.9 %

Shares of SVVC opened at $0.08 on Friday. The firm’s fifty day simple moving average is $0.07 and its two-hundred day simple moving average is $0.07. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.35. The stock has a market capitalization of $544,547.00, a P/E ratio of 0.66 and a beta of 1.49.

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.