Evoke (LON:EVOK) Shares Down 18.9% – Here’s What Happened

Evoke plc (LON:EVOK)’s stock price fell 18.9% during mid-day trading on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). 6,787,128 shares were traded during mid-day trading, an increase of 234% from the average session volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

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

Evoke Stock Performance

The company has a market capitalization of £224.33 million, a price-to-earnings ratio of -1.26 and a beta of 0.84. The business has a 50 day moving average price of GBX 69.32 and a 200-day moving average price of GBX 63.58.

Evoke (LON:EVOK) last issued its earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) 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, equities analysts predict that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Activity at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were bought at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is owned by insiders.

About Evoke