Evoke (LON:EVOK) Trading Down 8.8% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price was down 8.8% on Thursday . The company traded as low as GBX 51.90 ($0.67) and last traded at GBX 52.39 ($0.68). Approximately 3,351,066 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 2,095,448 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

EVOK has been the topic of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank cut their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Price Performance

The company has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The business has a 50-day moving average of GBX 68.88 and a two-hundred day moving average of GBX 63.49.

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 return on equity of 517.98% and a negative net margin of 8.50%. Equities analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile