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

Evoke plc (LON:EVOK)’s stock price dropped 18.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded 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 Ratings Changes

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

Evoke Stock Performance

The company has a market cap of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84. The firm’s 50 day simple moving average is GBX 69.75 and its 200-day simple moving average is GBX 63.69.

Evoke (LON:EVOK) last posted 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 return on equity of 517.98% and a negative net margin of 8.50%. As a group, sell-side analysts expect that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). Insiders own 27.00% of the company’s stock.

Evoke Company Profile