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

Evoke plc (LON:EVOK) shares traded down 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares traded hands during 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

Several equities research analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) price target on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank dropped their price target on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th.

Evoke Stock Performance

The company has a fifty day simple moving average of GBX 69.75 and a two-hundred day simple moving average of GBX 63.69. The stock has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84.

Evoke (LON:EVOK) last posted its quarterly 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%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was purchased 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 insiders.

About Evoke