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

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

Firsthand Technology Value Fund Trading Down 13.0 %

NASDAQ:SVVC opened at $0.06 on Friday. The stock has a market capitalization of $420,473.00, a PE ratio of -0.04 and a beta of 1.37. The firm’s 50 day moving average is $0.07 and its 200 day moving average is $0.09. Firsthand Technology Value Fund has a 12 month low of $0.04 and a 12 month high of $0.40.

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