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

Evoke plc (LON:EVOK) shares dropped 18.7% during trading on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares changed hands during mid-day trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th. Berenberg Bank lowered their price target on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Stock Performance

The company has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84. The firm’s fifty day moving average is GBX 68.88 and its two-hundred day moving average is GBX 63.49.

Evoke (LON:EVOK) last announced its quarterly earnings data 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 expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). 27.00% of the stock is owned by insiders.

About Evoke