Evoke (LON:EVOK) Trading Down 10% – What’s Next?

Shares of Evoke plc (LON:EVOK) were down 10% 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 traded hands during mid-day 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).

Analysts Set New Price Targets

Several brokerages recently weighed in on EVOK. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank reduced their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th.

Evoke Stock Down 1.1 %

The stock has a market capitalization of £224.78 million, a price-to-earnings ratio of -1.26 and a beta of 0.84. The stock has a 50 day moving average price of GBX 68.88 and a 200 day moving average price of GBX 63.49.

Evoke (LON:EVOK) last issued 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%. Sell-side analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction dated Tuesday, January 28th. The stock was bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). Insiders own 27.00% of the company’s stock.

About Evoke