Evoke (LON:EVOK) Shares Up 17.2% – Time to Buy?

Evoke plc (LON:EVOK)’s share price was up 17.2% during mid-day trading on Tuesday . The company traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). Approximately 3,500,189 shares traded hands during 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).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 140 ($1.79) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Up 17.2 %

The firm’s 50-day moving average price is GBX 64.60 and its 200-day moving average price is GBX 62.55. The stock has a market capitalization of £197.57 million, a PE ratio of -1.11 and a beta of 0.84.

Evoke (LON:EVOK) last released its quarterly earnings results 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%. On average, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke 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 ($13,033.99). Also, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of Evoke stock in a transaction on Monday, March 31st. The shares were bought at an average price of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,668.03). 27.00% of the stock is owned by corporate insiders.

Evoke Company Profile