On Thursday morning, StockNews.com published a report on Firsthand Technology Value Fund (NASDAQ: SVVC) and issued a hold rating on the company’s stock. As NASDAQ SVVC opened at $0.20 on Thursday, Firsthand Technology Value Fund stock was down 13.4%. The company’s 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 as it navigates complex financial landscapes in its most recent quarterly earnings report released on March 28th where it reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million.
Firsthand Technology Value Fund, Inc., based in New York City, is a business development company that specializes in venture capital investments in various stages of growth for companies that are pre-IPO or have limited operating histories or negative financial positions while also considering investments in companies undergoing bankruptcy or reorganization to achieve long-term capital appreciation through equity investments in public companies listed on Nasdaq or NYSE exchanges or private companies held by portfolio companies which are active trading issuers on these exchanges as well as other exchange markets worldwide including over-the-counter markets globally through its subsidiary OTC Markets Group Inc., which provides liquidity to more than 19,500 companies traded in the United States across multiple markets including NASDAQ, NYSE and other exchanges worldwide; OTC Markets Group operates one of the largest alternative trading platforms globally with over 57 million trades per month from over 195 countries with approximately 78% of U.S.-listed trading taking place outside traditional exchanges such as NASDAQ and NYSE through its OTCQX Exchange platform for public companies while also providing liquidity to over 35% of public US IPOs since inception through OTC QUOTE service for small caps and midcaps who need increased visibility to investors