Firsthand Technology Value Fund (NASDAQ:SVVC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.06 and traded as high as $0.08. Firsthand Technology Value Fund shares last traded at $0.05, with a volume of 2,875 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Firsthand Technology Value Fund in a research report on Tuesday. They issued a “hold” rating for the company.

Firsthand Technology Value Fund Stock Performance

The stock has a market cap of $366,018.30, a P/E ratio of 0.44 and a beta of 1.59. The firm has a 50-day moving average price of $0.06 and a 200-day moving average price 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.