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

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

Firsthand Technology Value Fund Trading Up 9.2 %

SVVC stock opened at $0.08 on Tuesday. The company has a market capitalization of $526,912.75, a PE ratio of 0.58 and a beta of 1.37. The business’s fifty day moving average price is $0.07 and its 200 day moving average price is $0.08. Firsthand Technology Value Fund has a 12-month low of $0.04 and a 12-month high of $0.40.

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.