Evoke (LON:EVOK) Trading Down 20.6% - Should You Sell?

Shares of Evoke plc (LON:EVOK - Get Free Report) dropped 20.6% on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 56.70 ($0.73). Approximately 7,646,775 shares were traded during trading, an increase of 273% from the average daily volume of 2,048,180 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

Several brokerages have 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 cut their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a "buy" rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Down 1.1 %

The business has a 50 day moving average price of GBX 68.88 and a two-hundred day moving average price of GBX 63.49. The stock has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

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 for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were acquired at an average cost 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.

Evoke Company Profile