Evoke (LON:EVOK) Trading Down 14.8% – Here’s What Happened

Evoke plc (LON:EVOK) traded down 14.8% on Wednesday . The stock traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). 2,599,548 shares were traded during trading, an increase of 33% from the average session volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

EVOK has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.81) target price on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank decreased their price objective on 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.

Evoke Price Performance

The business’s fifty day moving average price is GBX 69.32 and its 200-day moving average price is GBX 63.58. The stock has a market capitalization of £226.79 million, a price-to-earnings ratio of -1.27 and a beta of 0.84.

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

Insider Buying and Selling at Evoke

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

About Evoke