Revenue Update on Sevcon Inc(NASDAQ:SEV)

Sevcon Inc(NASDAQ:SEV) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Earnings per share were $-0.38.

Sevcon Inc (SEV) made into the market gainers list on Fridays trading session with the shares advancing 2.36% or 0.245 points. Due to strong positive momentum, the stock ended at $10.61, which is also near the day’s high of $10.8. The stock began the session at $10.442 and the volume stood at 5,782 shares. The 52-week high of the shares is $12.46 and the 52 week low is $7.2. The company has a current market capitalization of $45 M and it has 42,18,339 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 8, 2016, Constructive Capital Lp Meson (10% owner) purchased 614,000 shares at $9.12 per share price.Also, On Jul 8, 2016, Ryan J. Morris (director) purchased 669,000 shares at $9.12 per share price.On Jul 8, 2016, Walter Milton Schenker (director) purchased 15,000 shares at $9.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Sevcon Inc. is engaged in the electronic controls business. Through wholly owned subsidiaries located in the United States England France South Korea and Japan the Company designs and sells under the Sevcon name microprocessor based controls for zero emission and hybrid electric vehicles. The controls are used to vary the speed and movement of vehicles to integrate specialized functions and to prolong the shift life of vehicles’ power source. It operates in two segments: electronic controls and capacitors. The electronic controls segment produces microprocessor based control systems for zero emission and hybrid electric vehicles. The capacitor segment produces special metalized film capacitors for sale to electronic equipment manufacturers.

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