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

StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a report released on Wednesday morning. The firm issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

SVVC stock opened at $0.09 on Wednesday. Firsthand Technology Value Fund has a 1 year low of $0.04 and a 1 year high of $0.40. The firm has a market cap of $613,554.50, a P/E ratio of -0.06 and a beta of 1.35. The stock has a 50-day simple moving average of $0.06 and a 200-day simple moving average of $0.12.

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