Evoke (LON:EVOK) Trading Down 8.8% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price dropped 8.8% on Thursday . The company traded as low as GBX 51.90 ($0.67) and last traded at GBX 52.39 ($0.68). Approximately 3,351,066 shares traded hands during trading, an increase of 60% from the average daily volume of 2,095,448 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVOK. Berenberg Bank cut their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 1.1 %

The company’s 50-day moving average is GBX 68.88 and its two-hundred day moving average is GBX 63.49. The stock has a market capitalization of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last issued 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 EPS for the current fiscal year.

Insider Activity

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile