Evoke (LON:EVOK) Trading Down 14.7% – Should You Sell?

Evoke plc (LON:EVOK) dropped 14.7% during trading on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 60.90 ($0.79). Approximately 4,320,929 shares changed hands during mid-day trading, an increase of 117% from the average daily volume of 1,992,749 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

EVOK has been the subject of several recent research 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 restated a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 0.2 %

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

Evoke (LON:EVOK) last released its earnings results 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%. On average, research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction dated 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). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile