Evoke (LON:EVOK) Stock Price Down 18.7% – Should You Sell?

Shares of Evoke plc (LON:EVOK) were down 18.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during mid-day trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

EVOK has been the subject of a number of research analyst reports. Berenberg Bank lowered their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th.

Evoke Price Performance

The company’s 50 day simple moving average is GBX 68.88 and its 200 day simple moving average is GBX 63.49. The firm has a market cap of £224.78 million, a price-to-earnings ratio of -1.26 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%. As a group, analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Transactions at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). Corporate insiders own 27.00% of the company’s stock.

About Evoke