Evoke (LON:EVOK) Shares Down 20.9% – Here’s Why

Evoke plc (LON:EVOK) dropped 20.9% during trading on Wednesday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56.50 ($0.73). Approximately 8,039,770 shares traded hands during mid-day trading, an increase of 291% from the average daily volume of 2,054,730 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analyst Ratings Changes

Several research firms have recently issued reports on EVOK. Berenberg Bank lowered their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a report on Monday, December 16th.

Evoke Price Performance

The stock has a market cap of £223.22 million, a PE ratio of -1.25 and a beta of 0.84. The company has a 50 day moving average price of GBX 69.32 and a two-hundred day moving average price of GBX 63.58.

Evoke (LON:EVOK) last announced its quarterly 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%. As a group, equities analysts predict that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrea Gisle Joosen acquired 14,572 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). 27.00% of the stock is currently owned by insiders.

Evoke Company Profile