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

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EVOK shares. Berenberg Bank reduced their target price on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 140 ($1.81) price objective on shares of Evoke in a report on Monday, December 16th.

Evoke Stock Down 1.1 %

The firm’s 50 day simple moving average is GBX 68.88 and its 200-day simple moving average is GBX 63.49. The company has a market capitalization of £224.78 million, a PE ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK) last announced 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 return on equity of 517.98% and a negative net margin of 8.50%. As a group, sell-side analysts anticipate that Evoke plc will post 12.7648305 EPS for the current fiscal year.

Insider Transactions 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 purchased at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,202.69). Company insiders own 27.00% of the company’s stock.

Evoke Company Profile