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

Investment analysts at StockNews.com began coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a report released on Wednesday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Up 11.7 %

Shares of SVVC stock opened at $0.94 on Wednesday. The firm has a market capitalization of $6.45 million, a price-to-earnings ratio of -0.10 and a beta of 1.44. The stock has a fifty day moving average of $0.91 and a 200 day moving average of $1.01. Firsthand Technology Value Fund has a 52 week low of $0.82 and a 52 week high of $3.15.

Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) last announced its quarterly earnings results on Friday, March 31st. The investment management company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.17 million during the quarter.

Institutional Investors Weigh In On Firsthand Technology Value Fund

A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. purchased a new position in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC – Get Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned 0.33% of Firsthand Technology Value Fund at the end of the most recent quarter. 12.31% of the stock is owned by institutional investors.

About Firsthand Technology Value Fund

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Firsthand Technology Value Fund, Inc is a publicly traded investment fund that provides private technology and cleantech companies with development funding and working capital, primarily in the form of equity investments. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources.