Sevcon (SEV) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Sevcon (NASDAQ:SEV) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sevcon earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Separately, Craig Hallum downgraded shares of Sevcon from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Monday, July 17th.
Shares of Sevcon (NASDAQ:SEV) remained flat at $21.85 during mid-day trading on Tuesday. 3,827 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $17.14 and its 200 day moving average price is $14.54. The stock’s market capitalization is $116.83 million. Sevcon has a 12 month low of $8.10 and a 12 month high of $22.10.
Sevcon (NASDAQ:SEV) last announced 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. 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 for the quarter.
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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