Evoke (LON:EVOK) Shares Down 10% – Time to Sell?

Evoke plc (LON:EVOK) traded down 10% on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands during mid-day trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analyst Ratings Changes

A number of research firms recently issued reports on EVOK. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank cut their price objective on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Evoke Stock Down 10.0 %

The business’s 50 day moving average price is GBX 69.75 and its 200-day moving average price is GBX 63.69. The company has a market cap of £230.70 million, a PE ratio of -1.29 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)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. Equities analysts expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile