Evoke (LON:EVOK) Stock Price Down 16.3% – Time to Sell?

Evoke plc (LON:EVOK) dropped 16.3% on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 59.75 ($0.77). Approximately 6,331,946 shares were traded during trading, an increase of 212% from the average daily volume of 2,026,266 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

EVOK has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a report 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 on the stock in a report on Wednesday, December 4th.

Evoke Stock Down 1.3 %

The firm has a market capitalization of £224.33 million, a price-to-earnings ratio of -1.26 and a beta of 0.84. The business’s fifty day moving average is GBX 69.32 and its 200 day moving average is GBX 63.58.

Evoke (LON:EVOK) last released its quarterly 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%. Equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.

About Evoke