Evoke (LON:EVOK) Stock Price Down 18.7% – Time to Sell?

Evoke plc (LON:EVOK)’s share price was down 18.7% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded during trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EVOK. Berenberg Bank decreased their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The firm has a market cap of £224.78 million, a price-to-earnings ratio of -1.26 and a beta of 0.84. The firm has a fifty day simple moving average of GBX 68.88 and a two-hundred day simple moving average of GBX 63.49.

Evoke (LON:EVOK) last posted 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 return on equity of 517.98% and a negative net margin of 8.50%. Equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). 27.00% of the stock is currently owned by insiders.

About Evoke