Evoke (LON:EVOK) Shares Down 20.9% – Should You Sell?

Evoke plc (LON:EVOK) shares fell 20.9% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56.50 ($0.73). 8,039,770 shares changed hands during trading, an increase of 291% from the average session volume of 2,054,730 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

EVOK has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank reduced their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research note on Wednesday, December 4th.

Evoke Trading Down 20.0 %

The company’s 50-day moving average is GBX 69.75 and its two-hundred day moving average is GBX 63.69. The firm has a market cap of £254.73 million, a P/E ratio of -1.43 and a beta of 0.84.

Evoke (LON:EVOK) 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%. Research analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

About Evoke