Evoke (LON:EVOK) Trading Down 14.8% – Here’s What Happened

Evoke plc (LON:EVOK) fell 14.8% during trading on Wednesday . The company traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). 2,599,548 shares traded hands during trading, an increase of 33% from the average session volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EVOK shares. Berenberg Bank dropped their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The company’s 50 day moving average price is GBX 69.32 and its 200-day moving average price is GBX 63.58. The company has a market cap of £226.79 million, a price-to-earnings ratio of -1.27 and a beta of 0.84.

Evoke (LON:EVOK) last posted 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%. As a group, sell-side analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.

Evoke Company Profile