Evoke (LON:EVOK) Shares Down 16.3% - Time to Sell?

Shares of Evoke plc (LON:EVOK - Get Free Report) dropped 16.3% on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 59.75 ($0.77). Approximately 6,331,946 shares traded hands during mid-day trading, an increase of 212% from the average daily volume of 2,026,266 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

EVOK has been the subject of several analyst reports. Berenberg Bank cut their target price 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 issued a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The company has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The business's 50 day moving average price is GBX 68.88 and its 200-day moving average price is GBX 63.49.

Evoke (LON:EVOK - Get Free Report) last announced 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%. As a group, research analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile