StockNews.com recently began covering Firsthand Technology Value Fund (NASDAQ: SVVC) and issued a hold rating on the company’s stock in a report published on Thursday morning.
Firsthand Technology Value Fund stock was down 13.4% as NASDAQ SVVC opened at $0.20 on Thursday. The company’s twelve month low was $0.16 and its twelve month high was $0.98. The fifty day moving average is $0.24 and the 200 day moving average is $0.26. With a market cap of $1.39 million, a price-to-earnings ratio of 1.26, and a beta of 1.44, the company is facing a challenging market environment.
In its most recent quarterly earnings report released on March 28th, Firsthand Technology Value Fund reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million. The company is currently navigating a complex financial landscape.
Firsthand Technology Value Fund, Inc. is a business development company that specializes in venture capital investments in various stages of growth for companies. It seeks to invest in pre-IPO companies and those with limited operating histories or negative financial positions. The fund also considers investments in companies undergoing bankruptcy or reorganization.
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