Evoke (LON:EVOK) Stock Price Up 17.2% – Here’s What Happened

Evoke plc (LON:EVOK) shares rose 17.2% during mid-day trading on Wednesday . The company traded as high as GBX 45.90 ($0.60) and last traded at GBX 44.30 ($0.58). Approximately 3,500,189 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.49).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 140 ($1.82) price target on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The firm’s 50 day simple moving average is GBX 63.08 and its 200-day simple moving average is GBX 62.19. The company has a market cap of £204.71 million, a price-to-earnings ratio of -1.15 and a beta of 0.84.

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

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of Evoke stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,240.39). Also, insider Jonathan (Jon) Mendelsohn acquired 200,000 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of GBX 48 ($0.62) per share, with a total value of £96,000 ($124,610.59). Insiders own 27.00% of the company’s stock.

About Evoke