Evoke (LON:EVOK) Shares Down 14.8% – Should You Sell?

Evoke plc (LON:EVOKGet Free Report)’s stock price traded down 14.8% on Wednesday . The stock traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). 2,599,548 shares changed hands during trading, an increase of 33% from the average session volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EVOK shares. Berenberg Bank decreased their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a 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.

Read Our Latest Report on Evoke

Evoke Stock Performance

The firm’s 50 day simple moving average is GBX 69.57 and its 200 day simple moving average is GBX 63.63. The firm has a market capitalization of £267.93 million, a price-to-earnings ratio of -1.50 and a beta of 0.84.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.

Evoke Company Profile

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Further Reading

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