Firsthand Technology Value Fund (NASDAQ:SVVC) Stock Price Passes Above 200-Day Moving Average of $0.00

Firsthand Technology Value Fund Inc (NASDAQ:SVVC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $8.92. Firsthand Technology Value Fund shares last traded at $8.86, with a volume of 1,216 shares traded.

SVVC has been the topic of several recent analyst reports. TheStreet downgraded shares of Firsthand Technology Value Fund from a “b-” rating to a “c+” rating in a report on Monday, May 20th. ValuEngine downgraded shares of Firsthand Technology Value Fund from a “buy” rating to a “hold” rating in a report on Monday, April 29th.

The stock has a fifty day simple moving average of $9.18.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings results on Friday, May 10th. The investment management company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $0.82 million for the quarter. Firsthand Technology Value Fund had a net margin of 311.18% and a negative return on equity of 2.77%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Firsthand Technology Value Fund during the fourth quarter worth about $282,000. Intl Fcstone Inc. boosted its holdings in Firsthand Technology Value Fund by 6.6% during the first quarter. Intl Fcstone Inc. now owns 28,210 shares of the investment management company’s stock worth $374,000 after buying an additional 1,755 shares in the last quarter. Cordasco Financial Network bought a new stake in Firsthand Technology Value Fund during the first quarter worth approximately $41,000. Independent Advisor Alliance bought a new stake in Firsthand Technology Value Fund during the first quarter worth approximately $158,000. Finally, Biltmore Capital Advisors LLC bought a new stake in Firsthand Technology Value Fund during the first quarter worth approximately $4,059,000. Institutional investors own 10.30% of the company’s stock.

Firsthand Technology Value Fund Company Profile (NASDAQ:SVVC)

Firsthand Technology Value Fund, Inc is a business development company specializes in investments in start-up, late, development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

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