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.

COPYRIGHT VIOLATION WARNING: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.com-unik.info/2017/07/17/sevcon-inc-sev-lowered-to-hold-at-craig-hallum.html.

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.

What are top analysts saying about Sevcon Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sevcon Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit