Evoke (LON:EVOK) Trading Down 16.3% – Here’s Why

Evoke plc (LON:EVOK)’s stock price dropped 16.3% during trading on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 59.75 ($0.77). Approximately 6,331,946 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 2,026,266 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Berenberg Bank dropped their price objective on shares of 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 reaffirmed a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Performance

The stock has a market cap of £262.69 million, a price-to-earnings ratio of -1.47 and a beta of 0.84. The firm’s 50-day simple moving average is GBX 69.57 and its two-hundred day simple moving average is GBX 63.63.

Evoke (LON:EVOK) last issued 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 net margin of 8.50% and a negative return on equity of 517.98%. Equities research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity

In other Evoke news, insider Andrea Gisle Joosen bought 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Insiders own 27.00% of the company’s stock.

About Evoke