Evoke (LON:EVOK) Trading Up 17.2% – Still a Buy?

Shares of Evoke plc (LON:EVOK) shot up 17.2% during mid-day trading on Tuesday . The company traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). 3,500,189 shares changed hands during trading, an increase of 35% from the average session volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.78) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Price Performance

The company’s fifty day simple moving average is GBX 65.63 and its 200-day simple moving average is GBX 62.80. The firm has a market capitalization of £197.57 million, a PE ratio of -1.11 and a beta of 0.84.

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

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average price of GBX 70 ($0.89) per share, with a total value of £10,200.40 ($12,984.22). Also, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of Evoke stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 48 ($0.61) per share, with a total value of £96,000 ($122,199.59). Company insiders own 27.00% of the company’s stock.

About Evoke