Evoke (LON:EVOK) Trading Down 18.7% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price was down 18.7% during trading on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during mid-day trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Upgrades and Downgrades

EVOK has been the subject of several analyst reports. Berenberg Bank decreased their price objective on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 1.1 %

The company has a 50 day moving average of GBX 68.88 and a 200-day moving average of GBX 63.49. The firm has a market capitalization of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last released its earnings results 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%. As a group, sell-side analysts forecast that Evoke plc will post 12.7648305 EPS 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 stock was bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile