Evoke (LON:EVOK) Trading Down 10% – Should You Sell?

Shares of Evoke plc (LON:EVOK) were down 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares traded 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).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Berenberg Bank dropped their price target on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 10.0 %

The stock has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The company has a fifty day moving average of GBX 69.75 and a two-hundred day moving average of GBX 63.69.

Evoke (LON:EVOK) last posted its 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen acquired 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 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). 27.00% of the stock is owned by insiders.

About Evoke