Evoke (LON:EVOK) Shares Down 10% – Time to Sell?

Evoke plc (LON:EVOK) shares were down 10% during mid-day trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares were traded during mid-day trading, an increase of 1,994% from the average daily volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analyst Upgrades and Downgrades

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

Evoke Stock Performance

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

Evoke (LON:EVOK) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by company insiders.

About Evoke