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

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Berenberg Bank reduced their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 10.0 %

The firm has a market capitalization of £230.70 million, a P/E ratio of -1.29 and a beta of 0.84. The stock has a 50 day simple moving average of GBX 69.32 and a 200-day simple moving average of GBX 63.58.

Evoke (LON:EVOK) last announced its 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%. As a group, sell-side analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Corporate insiders own 27.00% of the company’s stock.

About Evoke