Evoke (LON:EVOK) Trading Down 18.9% – Here’s What Happened

Shares of Evoke plc (LON:EVOK) traded down 18.9% on Wednesday . The company traded as low as GBX 57.50 ($0.74) and last traded at GBX 57.90 ($0.75). 6,787,128 shares were traded during trading, an increase of 234% from the average session volume of 2,033,852 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

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

Evoke Trading Down 18.9 %

The business’s fifty day moving average price is GBX 69.57 and its 200 day moving average price is GBX 63.63. The firm has a market capitalization of £258.23 million, a price-to-earnings ratio of -1.45 and a beta of 0.84.

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

Insider Activity at Evoke

In other Evoke news, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost 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.

About Evoke