Evoke (LON:EVOK) Shares Down 18.3% – Should You Sell?

Evoke plc (LON:EVOK)’s stock price was down 18.3% during trading on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 58.30 ($0.75). Approximately 8,720,666 shares traded hands during mid-day trading, an increase of 322% from the average daily volume of 2,066,078 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

EVOK has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank decreased their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Trading Down 18.7 %

The firm’s fifty day moving average price is GBX 69.75 and its two-hundred day moving average price is GBX 63.69. The stock has a market capitalization of £258.90 million, a PE ratio of -1.45 and a beta of 0.84.

Evoke (LON:EVOK) last issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, sell-side analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

Evoke Company Profile