Firsthand Technology Value Fund (NASDAQ:SVVC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.06 and traded as high as $0.07. Firsthand Technology Value Fund shares last traded at $0.07, with a volume of 982 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Firsthand Technology Value Fund in a report on Wednesday, May 21st. They set a “hold” rating on the stock.

Firsthand Technology Value Fund Trading Up 24.8%

The company has a market cap of $496,296.00, a PE ratio of 0.60 and a beta of 1.54. The business has a fifty day moving average of $0.06 and a 200-day moving average of $0.06.

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.