Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at Wall Street Zen

Stock analysts at Wall Street Zen initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 15.4%

Firsthand Technology Value Fund stock opened at $0.06 on Wednesday. Firsthand Technology Value Fund has a 12-month low of $0.04 and a 12-month high of $0.19. The stock has a market cap of $413,580.00, a P/E ratio of 0.50 and a beta of 1.59. The company has a fifty day simple moving average of $0.06 and a 200-day simple 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.