Firsthand Technology Value Fund (NASDAQ:SVVC) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.07 and traded as high as $0.08. Firsthand Technology Value Fund shares last traded at $0.08, with a volume of 476 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Firsthand Technology Value Fund in a research note on Tuesday. They issued a “hold” rating on the stock.

Firsthand Technology Value Fund Price Performance

The company has a 50-day moving average of $0.07 and a 200 day moving average of $0.07. The company has a market cap of $420,290.00, a PE ratio of 0.51 and a beta of 1.50.

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.