On Wednesday, StockNews.com research analysts began coverage of Firsthand Technology Value Fund (NASDAQ: SVVC) with a “hold” rating in a note to investors. The investment management company’s stock was analyzed and this rating was given by the firm.
Firsthand Technology Value Fund, Inc., is a business development company that specializes in venture capital investments in various stages of companies. This includes start-up, early stage, middle stage, late stage, early development stage, and PIPEs investments. The company also looks to invest in pre-IPO companies and those with operating histories that are unprofitable or marginally profitable. Additionally, they consider companies with negative net worth or that are involved in bankruptcy or reorganization proceedings.
The performance of Firsthand Technology Value Fund’s price reflected that on Wednesday, its shares opened at $0.13 on the NASDAQ. The company has a market cap of $861,250.00, a P/E ratio of -0.03, and a beta of 1.37. The stock’s twelve-month low was $0.13 and its high was $0.81. It also has a 50-day moving average of $0.19 and a 200-day moving average of $0.24.
Earnings results for Firsthand Technology Value Fund (NASDAQ: SVVC) were released on May 14th
