Evoke (LON:EVOK) Stock Price Down 10% – Here’s Why

Evoke plc (LON:EVOK) shares were down 10% during 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 changed hands 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).

Analysts Set New Price Targets

A number of analysts recently commented on EVOK shares. 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. Berenberg Bank decreased 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.

Evoke Trading Down 10.0 %

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

Evoke (LON:EVOK) last issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. As a group, research analysts forecast that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling at Evoke

In other news, insider Andrea Gisle Joosen purchased 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price 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.

Evoke Company Profile