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

Shares of Evoke plc (LON:EVOK) dropped 10% during trading 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 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).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated 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 report on Wednesday, December 4th.

Evoke Stock Performance

The company has a market cap of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The stock has a 50-day simple moving average of GBX 69.75 and a 200 day simple moving average of GBX 63.69.

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

Insider Activity

In related 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 price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is owned by company insiders.

About Evoke