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

Equities researchers at StockNews.com began coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a note issued to investors on Wednesday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

Shares of Firsthand Technology Value Fund stock opened at $0.25 on Wednesday. The firm has a market cap of $1.69 million, a P/E ratio of -0.06 and a beta of 1.43. The firm has a 50 day simple moving average of $0.24 and a 200 day simple moving average of $0.26. Firsthand Technology Value Fund has a fifty-two week low of $0.17 and a fifty-two week high of $0.98.

Firsthand Technology Value Fund (NASDAQ:SVVC) last issued its quarterly earnings results on Thursday, March 28th. The investment management company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.03 million for the quarter.

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.