Firsthand Technology Value Fund (NASDAQ:SVVC) recently received coverage from StockNews.com’s stock analysts in a report issued on Monday. The brokerage set a “hold” rating on the investment management company’s stock.
Firsthand Technology Value Fund’s stock performance shows that shares opened at $0.23 on Monday, with a 52-week low of $0.17 and a 52-week high of $0.99, and a market capitalization of $1.60 million. The stock has a P/E ratio of -0.04 and a beta of 1.43, and its 50-day moving average price is $0.25, while its 200-day moving average price is $0.28.
Recent institutional inflows and outflows show that Atria Wealth Solutions Inc., a hedge fund, recently purchased new shares in Firsthand Technology Value Fund stock for approximately $79,000 in the first quarter, owning around 0.33% of the company as per its most recent SEC filing. About 52% of the company’s stock is owned by hedge funds and other institutional investors as of this writing.
Firsthand Technology Value Fund, Inc., headquartered in Mountain View, California, specializes in venture capital investments in startups, early-stage to middle to late-stage companies as well as pre-IPO companies and businesses with unprofitable or marginally profitable operating histories or negative net worth or involved bankruptcy or reorganization proceedings.
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