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

Evoke plc (LON:EVOK) shares were down 18.7% on Thursday . The company 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 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

Several research analysts recently weighed in on the stock. Berenberg Bank cut their price target 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.80) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 3.4 %

The stock has a market capitalization of £247.52 million, a PE ratio of -1.39 and a beta of 0.84. The firm has a 50-day moving average price of GBX 69.75 and a 200-day moving average price of GBX 63.69.

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

Insider Transactions at Evoke

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

Evoke Company Profile