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

Equities research analysts at StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research note issued on Tuesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

SVVC stock opened at $0.25 on Tuesday. The company has a market capitalization of $1.70 million, a price-to-earnings ratio of -0.06 and a beta of 1.43. Firsthand Technology Value Fund has a 12 month low of $0.17 and a 12 month high of $0.98. The firm has a 50 day moving average of $0.25 and a two-hundred day moving average of $0.27.

Institutional Trading of Firsthand Technology Value Fund

An institutional investor recently bought a new position in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. acquired a new position in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned about 0.33% of Firsthand Technology Value Fund at the end of the most recent quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

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.