Evoke (LON:EVOK) Stock Price Down 18.7% – Time to Sell?

Evoke plc (LON:EVOK) fell 18.7% during mid-day trading on Thursday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). 55,595,465 shares traded hands during mid-day trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

EVOK has been the subject of several research analyst reports. Berenberg Bank lowered 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 research report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The stock has a market capitalization of £224.78 million, a PE ratio of -1.26 and a beta of 0.84. The firm’s 50 day moving average is GBX 68.88 and its two-hundred day moving average is GBX 63.49.

Evoke (LON:EVOK) last released its earnings results 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 anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insiders Place Their Bets

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