Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

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

Firsthand Technology Value Fund Stock Down 13.0 %

Shares of NASDAQ:SVVC opened at $0.06 on Friday. The firm has a market cap of $420,473.00, a P/E ratio of -0.04 and a beta of 1.37. Firsthand Technology Value Fund has a 12-month low of $0.04 and a 12-month high of $0.40. The business has a fifty day simple moving average of $0.07 and a 200 day simple moving average of $0.09.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings data on Wednesday, August 14th. The investment management company reported ($0.03) earnings per share for the quarter. The firm had revenue of $0.03 million during the quarter.

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.