Evoke (LON:EVOK) Stock Price Down 11.1% – Should You Sell?

Evoke plc (LON:EVOK) was down 11.1% on Thursday . The company traded as low as GBX 50.85 ($0.66) and last traded at GBX 51.05 ($0.66). Approximately 6,375,126 shares traded hands during trading, an increase of 197% from the average daily volume of 2,145,022 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analysts Set New Price Targets

EVOK has been the subject of several research reports. Berenberg Bank dropped their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 1.1 %

The firm’s 50-day moving average price is GBX 68.88 and its 200 day moving average price is GBX 63.49. The company has a market capitalization 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, equities research analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

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 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is owned by corporate insiders.

About Evoke