Evoke (LON:EVOK) Shares Up 17.2% – Time to Buy?

Evoke plc (LON:EVOK) shares shot up 17.2% on Tuesday . The company traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). 3,500,189 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.78) price target on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Up 17.2 %

The firm has a market capitalization of £197.57 million, a P/E ratio of -1.11 and a beta of 0.84. The business’s 50 day simple moving average is GBX 65.63 and its two-hundred day simple moving average is GBX 62.80.

Evoke (LON:EVOK) last released its quarterly earnings results 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%. Analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity

In other news, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the company’s stock in a transaction on Monday, March 31st. The stock was bought at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,199.59). Also, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.89) per share, with a total value of £10,200.40 ($12,984.22). Company insiders own 27.00% of the company’s stock.

About Evoke