Evoke (LON:EVOK) Trading Down 18.7% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) were down 18.7% on Thursday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded during mid-day trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EVOK shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a research report on Monday, December 16th. 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 report on Wednesday, December 4th.

Evoke Stock Performance

The firm has a market cap of £244.85 million, a PE ratio of -1.37 and a beta of 0.84. The firm has a fifty day simple moving average of GBX 69.75 and a two-hundred day simple moving average of GBX 63.69.

Evoke (LON:EVOK) last released its quarterly earnings results 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%. Equities analysts forecast that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). 27.00% of the stock is currently owned by company insiders.

Evoke Company Profile