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

Shares of Evoke plc (LON:EVOK) dropped 10% 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 mid-day 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).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EVOK. Berenberg Bank reduced their target price 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 reiterated a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Trading Down 10.0 %

The firm has a 50-day moving average of GBX 69.32 and a two-hundred day moving average of GBX 63.58. The firm has a market cap of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84.

Evoke (LON:EVOK) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) EPS for the quarter. Evoke had a negative return on equity of 517.98% and a negative net margin of 8.50%. As a group, equities analysts anticipate 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 company’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

About Evoke