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

Evoke plc (LON:EVOK)’s share price fell 10% on Friday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands 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).

Wall Street Analyst Weigh In

EVOK has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank cut 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.

Evoke Trading Down 10.0 %

The business has a 50-day moving average of GBX 69.32 and a 200 day moving average of GBX 63.58. The firm has a market capitalization of £230.70 million, a PE ratio of -1.29 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)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, sell-side analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insiders Place Their Bets

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

About Evoke