Evoke (LON:EVOK) Shares Down 10% – Should You Sell?

Shares of Evoke plc (LON:EVOK) fell 10% during trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares were traded 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 Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Berenberg Bank dropped 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The company has a market cap of £230.70 million, a PE ratio of -1.29 and a beta of 0.84. The stock’s 50 day moving average price is GBX 69.75 and its 200-day moving average price is GBX 63.69.

Evoke (LON:EVOK) last released 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%. On average, analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

About Evoke