Evoke (LON:EVOK) Trading Down 18.3% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price dropped 18.3% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 58.30 ($0.75). Approximately 8,720,666 shares were traded during trading, an increase of 322% from the average daily volume of 2,066,078 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

EVOK has been the topic of a number of recent research reports. Berenberg Bank dropped their price objective on 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 reiterated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 18.7 %

The stock has a market cap of £258.90 million, a PE ratio of -1.45 and a beta of 0.84. The business has a 50-day moving average price of GBX 69.75 and a 200 day moving average price of GBX 63.69.

Evoke (LON:EVOK) last issued 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%. On average, equities analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling at Evoke

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

About Evoke