Evoke (LON:EVOK) Trading Down 8.8% – Should You Sell?

Evoke plc (LON:EVOK) fell 8.8% on Thursday . The stock traded as low as GBX 51.90 ($0.67) and last traded at GBX 52.39 ($0.67). 3,351,066 shares were traded during 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 Analysts Forecast Growth

Several brokerages recently weighed in on EVOK. Berenberg Bank reduced their price target 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 issued a GBX 140 ($1.80) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 10.6 %

The stock has a market capitalization of £229.09 million, a PE ratio of -1.28 and a beta of 0.84. The stock’s 50 day moving average price is GBX 69.75 and its 200-day moving average price is GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings data 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, sell-side analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile