Evoke (LON:EVOK) Stock Price Down 10% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EVOK. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a report on Monday, December 16th. Berenberg Bank reduced their target price on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Trading Down 10.0 %

The firm has a market capitalization of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84. The firm has a fifty day moving average price of GBX 69.75 and a 200 day moving average price of GBX 63.69.

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

Insider Buying and Selling at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile