Evoke (LON:EVOK) Shares Down 8.8% – Should You Sell?

Evoke plc (LON:EVOK) was down 8.8% during mid-day trading 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 changed hands during mid-day 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).

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank reduced their target price on 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 Price Performance

The firm has a market cap of £229.09 million, a price-to-earnings ratio of -1.28 and a beta of 0.84. The stock’s fifty day moving average price is GBX 69.75 and its 200-day moving average price is GBX 63.69.

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%. As a group, equities research analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling

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

Evoke Company Profile