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

Shares of Evoke plc (LON:EVOK) dropped 10% during mid-day 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 were traded 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).

Wall Street Analysts Forecast Growth

EVOK has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.80) 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 ($1.67) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Wednesday, December 4th.

Evoke Stock Down 10.0 %

The stock has a market cap of £230.70 million, a PE ratio of -1.29 and a beta of 0.84. The firm has a fifty day moving average of GBX 69.75 and a 200 day moving average of GBX 63.69.

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

Insider Buying and Selling at Evoke

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

Evoke Company Profile