Evoke (LON:EVOK) Trading Down 18.7% - Time to Sell?

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Berenberg Bank cut their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a "buy" rating for the company in a research note 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 research report on Monday, December 16th.

Evoke Trading Down 5.3 %

The stock has a market capitalization of £211.75 million, a P/E ratio of -1.19 and a beta of 0.84. The firm's fifty day moving average is GBX 68.36 and its 200-day moving average is GBX 63.39.

Evoke (LON:EVOK - Get Free Report) 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%. Equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,178.81). 27.00% of the stock is currently owned by corporate insiders.

About Evoke