Firsthand Technology Value Fund (NASDAQ: SVVC) is a business development company that specializes in venture capital investments in various stages of growth for companies. The company’s stock was issued a hold rating by StockNews.com in a report published on Thursday morning.
As NASDAQ SVVC opened at $0.20 on Thursday, the company’s stock was down 13.4%. Its 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