Sevcon, Inc. (SEV) Files Form 4 Insider Buying : Ryan J. Morris Buys 669,000 Shares

Sevcon, Inc. (SEV): Ryan J. Morris , director of Sevcon, Inc. purchased 669,000 shares on Jul 6, 2016. The Insider buying transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.12 per share for a total value of $6,101,280.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 8, 2016, Walter Milton Schenker (director) purchased 15,000 shares at $9.12 per share price.On Aug 28, 2015, William J Ketelhut (director) purchased 1,800 shares at $7.85 per share price.Also, On May 27, 2015, Ryan J. Morris (director) purchased 4,157 shares at $9.93 per share price.

Sevcon Inc: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Sevcon Inc which led to swings in the share price. The shares opened for trading at $8.8 and hit $9.05 on the upside , eventually ending the session at $9.05, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 544 shares. The 52-week high of the share price is $12.46 and the company has a market cap of $38 M . The 52-week low of the share price is at $7.2.

Sevcon Inc Money Flow Index Chart

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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