Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research report issued on Thursday. The firm set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Down 13.5 %

SVVC traded down $0.03 during mid-day trading on Thursday, reaching $0.20. 5,035 shares of the company traded hands, compared to its average volume of 3,083. The company’s fifty day moving average price is $0.24 and its 200-day moving average price is $0.26. The stock has a market capitalization of $1.39 million, a P/E ratio of -0.05 and a beta of 1.44. Firsthand Technology Value Fund has a 52-week low of $0.16 and a 52-week high of $0.98.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings data on Thursday, March 28th. The investment management company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million during 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.