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

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

Firsthand Technology Value Fund Stock Up 12.9 %

SVVC opened at $0.08 on Friday. The stock has a market cap of $544,547.00, a P/E ratio of 0.66 and a beta of 1.49. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.35. The company has a fifty day simple moving average of $0.07 and a 200 day simple moving average of $0.07.

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.