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 sent to investors on Tuesday morning. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 2.7 %

SVVC stock opened at $0.24 on Tuesday. The firm has a market cap of $1.65 million, a PE ratio of -0.06 and a beta of 1.43. Firsthand Technology Value Fund has a 1 year low of $0.17 and a 1 year high of $0.98. The company has a fifty day simple moving average of $0.24 and a 200 day simple moving average of $0.27.

Institutional Trading of Firsthand Technology Value Fund

A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. bought a new position in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 52.70% of the company’s stock.

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.