Is Sevcon Inc (SEV)’s Fuel For Real? The Stock Just Increased Again

July 17, 2017 - By Nellie Frank

Investors sentiment increased to 3 in 2016 Q4. Its up 1.25, from 1.75 in 2016Q3. It is positive, as 1 investors sold Sevcon Inc shares while 1 reduced holdings. 3 funds opened positions while 3 raised stakes. 2.16 million shares or 0.35% more from 2.15 million shares in 2016Q3 were reported.
Tower Research Capital Limited Liability Corporation (Trc) invested 0% in Sevcon Inc (NASDAQ:SEV). California Employees Retirement Systems has 13,500 shares for 0% of their portfolio. Rathbone Brothers Public Ltd Co, a United Kingdom-based fund reported 108,226 shares. Dimensional Fund L P has 108,224 shares for 0% of their portfolio. Wells Fargo Mn owns 223,375 shares for 0% of their portfolio. Bankshares Of America Corporation De holds 0% or 56 shares in its portfolio. Gabelli Funds Limited Liability Company has invested 0.02% in Sevcon Inc (NASDAQ:SEV). Moreover, Teton Advsr has 0.44% invested in Sevcon Inc (NASDAQ:SEV). Creative Planning owns 1,350 shares. 25,226 are owned by Vanguard Grp Inc. Gamco Invsts Et Al reported 701,929 shares. Deutsche Bancshares Ag stated it has 0% in Sevcon Inc (NASDAQ:SEV). Blackrock Investment Mngmt Ltd Liability Company holds 340 shares or 0% of its portfolio. Blackrock Fund invested 0% of its portfolio in Sevcon Inc (NASDAQ:SEV).

The stock of Sevcon Inc (NASDAQ:SEV) is a huge mover today! The stock increased 58.79% or $8.04 during the last trading session, reaching $21.73. About 767,712 shares traded or 8580.60% up from the average. Sevcon Inc (NASDAQ:SEV) has risen 38.84% since July 17, 2016 and is uptrending. It has outperformed by 22.14% the S&P500.
The move comes after 7 months positive chart setup for the $122.76M company. It was reported on Jul, 17 by Barchart.com. We have $23.03 PT which if reached, will make NASDAQ:SEV worth $7.37M more.

More notable recent Sevcon Inc (NASDAQ:SEV) news were published by: Nasdaq.com which released: “BUZZ-US STOCKS ON THE MOVE- Blue Apron, Repros, BlackRock, Sevcon, FedEx” on July 17, 2017, also Marketwatch.com with their article: “13.685” published on February 25, 2010, Globenewswire.com published: “Sevcon Signs Definitive Agreement to be Acquired by BorgWarner” on July 17, 2017. More interesting news about Sevcon Inc (NASDAQ:SEV) were released by: Globenewswire.com and their article: “Sevcon Wins Substantial Contract for Automotive Drivetrain” published on February 02, 2017 as well as Businesswire.com‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an …” with publication date: July 17, 2017.

Sevcon, Inc. designs and sells motor controllers for zero emission electric and hybrid vehicles , under the Sevcon name. The company has market cap of $122.76 million. 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. It currently has negative earnings. The Firm operates through three divisions: electronic controls, capacitors and battery chargers.

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