Evoke (LON:EVOK) Trading Down 14.8% – Should You Sell?

Evoke plc (LON:EVOK) shares were down 14.8% during mid-day trading on Wednesday . The stock traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). Approximately 2,599,548 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

Several brokerages recently commented on EVOK. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank dropped their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Performance

The stock has a fifty day simple moving average of GBX 69.32 and a 200 day simple moving average of GBX 63.58. The firm has a market cap of £226.79 million, a P/E ratio of -1.27 and a beta of 0.84.

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

Insider Buying and Selling

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.

About Evoke