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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EVOK shares. Berenberg Bank decreased their target price on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group reaffirmed 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 Performance

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

Evoke (LON:EVOK) last announced its quarterly earnings results 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 anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Company insiders own 27.00% of the company’s stock.

About Evoke