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

Evoke plc (LON:EVOK)’s share price traded down 10% during mid-day trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). 65,066,164 shares traded hands during mid-day trading, an increase of 1,994% from the average session volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Berenberg Bank dropped 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 research note on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.80) price objective on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Down 10.0 %

The company has a market capitalization of £230.70 million, a PE ratio of -1.29 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 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 net margin of 8.50% and a negative return on equity of 517.98%. As a group, sell-side analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke 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). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile