Evoke (LON:EVOK) Shares Down 11.1% – Here’s What Happened

Evoke plc (LON:EVOK) shares fell 11.1% during trading on Thursday . The company traded as low as GBX 50.85 ($0.65) and last traded at GBX 51.05 ($0.66). 6,375,126 shares were traded during trading, an increase of 197% from the average session volume of 2,145,022 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Berenberg Bank decreased their price objective on Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.80) price target on shares of Evoke in a research note on Monday, December 16th.

Evoke Trading Down 11.1 %

The stock has a market capitalization of £227.68 million, a P/E ratio of -1.27 and a beta of 0.84. The firm’s fifty day moving average is GBX 69.75 and its 200-day moving average is GBX 63.69.

Evoke (LON:EVOK) last posted 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%. Equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of GBX 70 ($0.90) per share, for a total transaction of £10,200.40 ($13,133.00). Corporate insiders own 27.00% of the company’s stock.

Evoke Company Profile