Evoke (LON:EVOK) Shares Down 8.8% – Time to Sell?

Evoke plc (LON:EVOK) traded down 8.8% during trading on Thursday . The stock traded as low as GBX 51.90 ($0.67) and last traded at GBX 52.39 ($0.67). Approximately 3,351,066 shares were traded during mid-day trading, an increase of 60% from the average session volume of 2,095,448 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Berenberg Bank cut their price objective on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.80) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 10.6 %

The company has a market cap of £229.09 million, a price-to-earnings ratio of -1.28 and a beta of 0.84. The business has a 50-day simple moving average of GBX 69.75 and a two-hundred day simple moving average of GBX 63.69.

Evoke (LON:EVOK) 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%. As a group, equities analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). 27.00% of the stock is owned by insiders.

About Evoke