Evoke (LON:EVOK) Shares Down 10% – Here’s What Happened

Evoke plc (LON:EVOK) shares fell 10% during mid-day trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares changed hands during mid-day trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

A number of research firms have recently commented on EVOK. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th. Berenberg Bank lowered their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research note on Wednesday, December 4th.

Evoke Stock Performance

The stock has a market capitalization of £230.70 million, a PE ratio of -1.29 and a beta of 0.84. The stock has a 50-day moving average price of GBX 69.32 and a two-hundred day moving average price of GBX 63.58.

Evoke (LON:EVOK) last announced 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%. As a group, equities analysts predict that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Activity at Evoke

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

Evoke Company Profile