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

Investment analysts at StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a report released on Monday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Down 28.4 %

SVVC stock opened at $0.05 on Monday. The company’s 50-day moving average price is $0.06 and its 200 day moving average price is $0.06. Firsthand Technology Value Fund has a 52 week low of $0.04 and a 52 week high of $0.24. The company has a market cap of $365,329.00, a P/E ratio of 0.44 and a beta of 1.59.

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.