Evoke (LON:EVOK) Stock Price Up 17.2% – Here’s Why

Evoke plc (LON:EVOK) shares were up 17.2% during trading on Wednesday . The stock traded as high as GBX 45.90 ($0.59) and last traded at GBX 44.30 ($0.57). Approximately 3,500,189 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 140 ($1.79) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 6.3 %

The business has a fifty day moving average of GBX 64.60 and a 200-day moving average of GBX 62.55. The firm has a market cap of £185.08 million, a PE ratio of -1.04 and a beta of 0.84.

Evoke (LON:EVOK) last announced 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 return on equity of 517.98% and a negative net margin of 8.50%. On average, equities analysts forecast that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

In related news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,668.03). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.89) per share, with a total value of £10,200.40 ($13,033.99). Insiders own 27.00% of the company’s stock.

About Evoke