Evoke (LON:EVOK) Shares Down 18.7% – Here’s What Happened

Evoke plc (LON:EVOK)’s share price fell 18.7% during mid-day trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 58.05 ($0.75). 55,595,465 shares traded hands during trading, an increase of 1,853% from the average session volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

EVOK has been the topic of several recent analyst reports. Berenberg Bank lowered their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 18.7 %

The firm has a market cap of £258.90 million, a price-to-earnings ratio of -1.45 and a beta of 0.84. The stock’s 50 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)) EPS for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. On average, equities research analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity at Evoke

In other news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by corporate insiders.

Evoke Company Profile