Evoke (LON:EVOK) Shares Down 11.1% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) dropped 11.1% during mid-day trading on Thursday . The stock traded as low as GBX 50.85 ($0.65) and last traded at GBX 51.05 ($0.66). Approximately 6,375,126 shares changed hands during mid-day trading, an increase of 197% from the average daily volume of 2,145,022 shares. The stock had previously closed at GBX 57.45 ($0.74).

Analyst Upgrades and Downgrades

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

Evoke Stock Down 11.1 %

The firm has a 50-day moving average price of GBX 69.75 and a two-hundred day moving average price of GBX 63.69. The company has a market capitalization of £227.68 million, a P/E ratio of -1.27 and a beta of 0.84.

Evoke (LON:EVOK) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). 27.00% of the stock is owned by company insiders.

Evoke Company Profile