Evoke (LON:EVOK) Shares Down 18.7% – Should You Sell?

Evoke plc (LON:EVOK)’s share price was down 18.7% on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during mid-day 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 Ratings Changes

EVOK has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed 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 lowered their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Performance

The firm has a market capitalization of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The firm has a 50 day moving average price of GBX 68.88 and a two-hundred day moving average price of GBX 63.49.

Evoke (LON:EVOK) last released its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. Equities research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were bought 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 company insiders.

About Evoke