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

Evoke plc (LON:EVOK)’s share price was down 10% during mid-day 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 were traded 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 Analysts Forecast Growth

A number of research analysts recently weighed in on EVOK shares. Berenberg Bank decreased their price target 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 1.1 %

The stock’s fifty day simple moving average is GBX 68.88 and its 200 day simple moving average is GBX 63.49. The company has a market cap of £224.78 million, a price-to-earnings ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last announced its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). Company insiders own 27.00% of the company’s stock.

About Evoke