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

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

Firsthand Technology Value Fund Trading Up 7.7 %

Shares of SVVC opened at $0.07 on Tuesday. The stock has a 50 day moving average of $0.07 and a 200 day moving average of $0.08. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.40. The company has a market capitalization of $482,510.00, a price-to-earnings ratio of 0.58 and a beta of 1.37.

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.