Evoke (LON:EVOK) Shares Down 20.6% – Here’s What Happened

Evoke plc (LON:EVOK) dropped 20.6% on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 56.70 ($0.73). Approximately 7,646,775 shares were traded during trading, an increase of 273% from the average daily volume of 2,048,180 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank decreased their price target on shares of 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 Stock Performance

The stock’s fifty day moving average is GBX 69.57 and its 200 day moving average is GBX 63.63. The stock has a market cap of £252.09 million, a P/E ratio of -1.41 and a beta of 0.84.

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%. Equities research analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

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

Evoke Company Profile