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

Evoke plc (LON:EVOK) dropped 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 changed hands 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

Several brokerages have recently weighed in on EVOK. Berenberg Bank decreased their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a research note on Monday, December 16th.

Evoke Trading Down 10.0 %

The company has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The firm’s 50 day simple moving average is GBX 69.75 and its 200-day simple moving average is GBX 63.69.

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%. As a group, sell-side analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Insiders own 27.00% of the company’s stock.

About Evoke