Evoke (LON:EVOK) Shares Down 8.8% – Time to Sell?

Evoke plc (LON:EVOK) shares dropped 8.8% on Thursday . The stock traded as low as GBX 51.90 ($0.67) and last traded at GBX 52.39 ($0.67). Approximately 3,351,066 shares traded hands during trading, an increase of 60% from the average daily volume of 2,095,448 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a report on Monday, December 16th. Berenberg Bank cut their price objective on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Stock Performance

The company has a 50 day moving average price of GBX 69.75 and a two-hundred day moving average price of GBX 63.69. The firm has a market capitalization of £229.09 million, a price-to-earnings ratio of -1.28 and a beta of 0.84.

Evoke (LON:EVOK) last announced its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, equities analysts expect 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 purchased 14,572 shares of the firm’s stock in a transaction dated 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). Company insiders own 27.00% of the company’s stock.

About Evoke