Sevcon, Inc. (SEV) Lowered to “Hold” at Craig Hallum

Sevcon, Inc. (NASDAQ:SEV) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Shares of Sevcon (NASDAQ SEV) traded up 58.79% during trading on Monday, reaching $21.73. 767,712 shares of the company were exchanged. Sevcon has a 1-year low of $8.10 and a 1-year high of $22.10. The stock’s market capitalization is $116.19 million. The firm has a 50-day moving average price of $14.92 and a 200-day moving average price of $12.81.

Sevcon (NASDAQ:SEV) last issued its quarterly earnings results on Tuesday, May 16th. The company reported ($0.43) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.50) by $0.07. Sevcon had a negative net margin of 16.11% and a negative return on equity of 69.88%. The company had revenue of $15.67 million during the quarter.

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About Sevcon

Sevcon, Inc designs and sells motor controllers for zero emission electric and hybrid vehicles (EVs), under the Sevcon name. The Company’s controls are used to vary the speed and movement of vehicles to integrate specialized functions and to optimize the energy consumption of the vehicle’s power source.

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