Stock analysts at StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the investment management company’s stock.
Firsthand Technology Value Fund Trading Down 2.1 %
Shares of SVVC stock opened at $0.93 on Thursday. The company has a market cap of $6.41 million, a P/E ratio of -0.10 and a beta of 1.44. The firm has a fifty day moving average price of $1.02 and a 200 day moving average price of $1.11. Firsthand Technology Value Fund has a 12 month low of $0.89 and a 12 month high of $3.52.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. purchased a new stake in Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC – Get Rating) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned approximately 0.33% of Firsthand Technology Value Fund as of its most recent SEC filing. Hedge funds and other institutional investors own 12.31% of the company’s stock.
Firsthand Technology Value Fund Company Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Firsthand Technology Value Fund (SVVC)
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