Evoke (LON:EVOK) Shares Down 10% – Here’s What Happened

Evoke plc (LON:EVOK) shares dropped 10% on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares were traded during mid-day trading, an increase of 1,994% from the average daily volume of 3,107,171 shares. The stock had previously closed at GBX 57.45 ($0.74).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Berenberg Bank lowered their price objective on shares of Evoke from GBX 130 ($1.67) to GBX 90 ($1.16) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 140 ($1.80) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 10.0 %

The firm has a fifty day simple moving average of GBX 69.75 and a 200 day simple moving average of GBX 63.69. The stock has a market cap of £230.70 million, a price-to-earnings ratio of -1.29 and a beta of 0.84.

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

Insider Transactions at Evoke

In related news, insider Andrea Gisle Joosen purchased 14,572 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,133.00). 27.00% of the stock is owned by insiders.

About Evoke