Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

Shares of SVVC opened at $0.08 on Thursday. The company has a 50-day simple moving average of $0.07 and a 200-day simple moving average of $0.12. The firm has a market capitalization of $551,200.00, a P/E ratio of -0.05 and a beta of 1.35. Firsthand Technology Value Fund has a 52 week low of $0.04 and a 52 week high of $0.40.

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

Firsthand Technology Value Fund Company Profile

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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.

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