Firsthand Technology Value Fund (NASDAQ:SVVC) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Up 11.7 %

Shares of NASDAQ:SVVC opened at $0.94 on Wednesday. Firsthand Technology Value Fund has a twelve month low of $0.82 and a twelve month high of $3.15. The stock’s 50 day moving average is $0.91 and its 200-day moving average is $1.01. The firm has a market capitalization of $6.45 million, a price-to-earnings ratio of -0.10 and a beta of 1.44.

Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) last issued its quarterly earnings data on Friday, March 31st. The investment management company reported ($0.05) EPS for the quarter. The business had revenue of $0.17 million during the quarter.

Hedge Funds Weigh In On Firsthand Technology Value Fund

An institutional investor recently bought a new position in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. bought a new stake in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. Institutional investors own 12.31% of the company’s stock.

About Firsthand Technology Value Fund

(Get Rating)

Firsthand Technology Value Fund, Inc is a publicly traded investment fund that provides private technology and cleantech companies with development funding and working capital, primarily in the form of equity investments. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources.