Somewhat Positive News Coverage Somewhat Unlikely to Impact Sevcon (NASDAQ:SEV) Share Price

Press coverage about Sevcon (NASDAQ:SEV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sevcon earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.3096572058487 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, Craig Hallum lowered shares of Sevcon from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Monday, July 17th.

Sevcon (NASDAQ SEV) opened at 21.85 on Monday. The stock’s market capitalization is $116.83 million. The firm’s 50-day moving average is $18.21 and its 200 day moving average is $15.02. Sevcon has a 1-year low of $8.10 and a 1-year high of $22.10.

Sevcon (NASDAQ:SEV) last released its quarterly earnings results on Tuesday, May 16th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.07. The business had revenue of $15.67 million during the quarter. Sevcon had a negative return on equity of 69.88% and a negative net margin of 16.11%.

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Sevcon Company Profile

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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