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 report issued on Wednesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Down 11.4%

Shares of NASDAQ SVVC opened at $0.05 on Wednesday. The company’s 50-day moving average price is $0.06 and its 200 day moving average price is $0.06. Firsthand Technology Value Fund has a 52 week low of $0.04 and a 52 week high of $0.19. The stock has a market cap of $358,436.00, a price-to-earnings ratio of 0.43 and a beta of 1.59.

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.