Evoke (LON:EVOK) Shares Down 18.9% – Should You Sell?

Evoke plc (LON:EVOK) shares dropped 18.9% during mid-day trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). Approximately 6,787,128 shares changed hands during trading, an increase of 234% from the average daily volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

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

Evoke Trading Down 1.3 %

The stock has a market capitalization of £224.33 million, a P/E ratio of -1.26 and a beta of 0.84. The company has a 50-day moving average price of GBX 69.32 and a 200 day moving average price of GBX 63.58.

Evoke (LON:EVOK) last posted its earnings results 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, research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen purchased 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 ($13,206.11). 27.00% of the stock is owned by company insiders.

About Evoke