Evoke (LON:EVOK) Shares Up 17.2% – Here’s Why

Evoke plc (LON:EVOK) shares were up 17.2% during mid-day trading on Tuesday . The stock traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). Approximately 3,500,189 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.78) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Up 17.2 %

The firm has a market cap of £197.57 million, a PE ratio of -1.11 and a beta of 0.84. The firm has a fifty day simple moving average of GBX 65.63 and a two-hundred day simple moving average of GBX 62.80.

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

Insider Activity

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($12,984.22). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of Evoke stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,199.59). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile