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

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

Firsthand Technology Value Fund Trading Up 5.5 %

Shares of NASDAQ:SVVC opened at $0.25 on Wednesday. The company has a 50 day moving average of $0.24 and a 200 day moving average of $0.26. The stock has a market cap of $1.69 million, a P/E ratio of -0.06 and a beta of 1.43. Firsthand Technology Value Fund has a 12 month low of $0.17 and a 12 month high of $0.98.

Firsthand Technology Value Fund (NASDAQ:SVVC) last released its quarterly earnings results on Thursday, March 28th. The investment management company reported ($0.04) EPS for the quarter. The business 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.