Firsthand Technology Value Fund (NASDAQ:SVVC) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) crossed 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 Analyst Weigh In

Separately, StockNews.com assumed coverage on Firsthand Technology Value Fund in a report on Tuesday. They issued a “hold” rating for the company.

Firsthand Technology Value Fund Price Performance

The firm’s 50 day moving average price is $0.07 and its two-hundred day moving average price is $0.07. The firm has a market cap of $551,200.00, a price-to-earnings ratio of 0.67 and a beta of 1.50.

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.