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

Shares of Evoke plc (LON:EVOK - Get Free Report) fell 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). 6,787,128 shares changed hands during trading, an increase of 234% from the average session volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EVOK shares. Berenberg Bank cut their target price 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 reiterated a "buy" rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 1.1 %

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

Evoke (LON:EVOK - Get Free Report) last released its quarterly 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%. On average, analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). Insiders own 27.00% of the company's stock.

About Evoke