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

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a report released on Sunday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

SVVC stock opened at $0.06 on Friday. The stock has a market capitalization of $438,204.00, a PE ratio of -0.02 and a beta of 1.34. The company’s 50-day moving average is $0.06 and its 200-day moving average is $0.14. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.47.

Firsthand Technology Value Fund (NASDAQ:SVVC) last released its quarterly earnings data on Wednesday, August 14th. The investment management company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter.

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.