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

Evoke plc (LON:EVOK) was down 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares changed 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).

Analyst Ratings Changes

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

Evoke Price Performance

The firm has a market cap of £230.70 million, a PE ratio of -1.29 and a beta of 0.84. The business 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 issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. Equities analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Transactions at Evoke

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

About Evoke