Evoke (LON:EVOK) Shares Down 14.8% – Should You Sell?

Evoke plc (LON:EVOK)’s share price traded down 14.8% during mid-day trading on Wednesday . The company traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). 2,599,548 shares were traded during mid-day trading, an increase of 33% from the average session volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

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

Evoke Trading Down 0.2 %

The stock’s 50-day moving average price is GBX 69.32 and its 200-day moving average price is GBX 63.58. The company has a market capitalization of £226.79 million, a P/E ratio of -1.27 and a beta of 0.84.

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

Insiders Place Their Bets

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is owned by corporate insiders.

Evoke Company Profile