Evoke (LON:EVOK) Trading Down 10% - Time to Sell?

Evoke plc (LON:EVOK - Get Free Report) was down 10% during mid-day trading on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares were traded 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 Ratings Changes

Several research firms have recently commented on EVOK. 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 reissued a "buy" rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The firm's 50 day simple moving average is GBX 68.36 and its 200-day simple moving average is GBX 63.39. The company has a market cap of £213.18 million, a price-to-earnings ratio of -1.19 and a beta of 0.84.

Evoke (LON:EVOK - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In other news, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the company's stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 48 ($0.62) per share, for a total transaction of £96,000 ($124,111.18). Also, insider Andrea Gisle Joosen acquired 14,572 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,187.33). Insiders own 27.00% of the company's stock.

Evoke Company Profile