Evoke (LON:EVOK) Stock Price Down 10% – Here’s Why

Evoke plc (LON:EVOK) shares dropped 10% on Thursday . The company traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares traded hands during mid-day trading, an increase of 1,994% from the average daily volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analyst Ratings Changes

EVOK has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a report on Monday, December 16th. Berenberg Bank decreased their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Stock Performance

The company has a market capitalization of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The firm’s fifty day moving average is GBX 69.75 and its 200-day moving average is GBX 63.69.

Evoke (LON:EVOK) last issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was bought 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