Insider Selling: Sevcon Director Unloads 12,000 Shares of Stock (SEV)
Sevcon (NYSE:SEV) Director Bernard F. Start sold 12,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $12.19, for a total value of $146,280.00. Following the transaction, the director now directly owns 130,089 shares of the company’s stock, valued at approximately $1,585,785. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Sevcon (NYSE:SEV) traded down 0.57% on Friday, hitting $12.1599. 16,400 shares of the company’s stock traded hands. Sevcon has a 1-year low of $3.40 and a 1-year high of $13.13. The stock’s 50-day moving average is $8.73 and its 200-day moving average is $5.97. The company has a market cap of $41.3 million and a price-to-earnings ratio of 58.24.
Sevcon (NYSE:SEV) last announced its earnings results on Tuesday, February 4th. The company reported $0.14 EPS for the quarter.
Sevcon, Inc, formerly Tech/Ops 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.
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