Evoke (LON:EVOK) Stock Price Down 20.6% – Time to Sell?

Evoke plc (LON:EVOK) dropped 20.6% on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56.70 ($0.73). Approximately 7,646,775 shares traded hands during mid-day 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 research firms recently issued reports on EVOK. Berenberg Bank decreased their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a research report on Monday, December 16th.

Evoke Price Performance

The firm has a market cap of £224.33 million, a price-to-earnings ratio of -1.26 and a beta of 0.84. The company’s 50 day simple moving average is GBX 69.32 and its 200 day simple moving average is GBX 63.58.

Evoke (LON:EVOK) last released 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, analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity

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

About Evoke