Evoke (LON:EVOK) Shares Down 18.7% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) fell 18.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 58.05 ($0.75). 55,595,465 shares were traded during trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

A number of equities analysts have commented on EVOK shares. Berenberg Bank decreased their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a report on Wednesday, December 4th. 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.

Evoke Trading Down 18.7 %

The business has a 50-day moving average price of GBX 69.75 and a two-hundred day moving average price of GBX 63.69. The firm has a market capitalization of £258.90 million, a price-to-earnings ratio of -1.45 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)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. On average, equities research analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrea Gisle Joosen acquired 14,572 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

About Evoke