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

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

Analyst Upgrades and Downgrades

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

Evoke Stock Down 4.5 %

The stock has a market capitalization of £208.28 million, a P/E ratio of -1.17 and a beta of 0.84. The stock’s 50 day moving average price is GBX 63.08 and its 200-day moving average price is GBX 62.19.

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%. Analysts anticipate that Evoke plc will post 12.7648305 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,240.39). Also, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average price of GBX 48 ($0.62) per share, for a total transaction of £96,000 ($124,610.59). 27.00% of the stock is currently owned by corporate insiders.

About Evoke