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

Evoke plc (LON:EVOK) was down 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). 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).

Wall Street Analyst Weigh In

EVOK has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank cut their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a report on Wednesday, December 4th.

Evoke Stock Performance

The stock has a market cap of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The company has a 50-day simple moving average of GBX 69.32 and a 200-day simple moving average of GBX 63.58.

Evoke (LON:EVOK) last issued 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, sell-side 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 acquired 14,572 shares of Evoke stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by insiders.

Evoke Company Profile