Evoke (LON:EVOK) Shares Down 18.7% – Here’s Why

Shares of Evoke plc (LON:EVOK) were down 18.7% on Wednesday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.05 ($0.75). Approximately 55,595,465 shares were traded during trading, an increase of 1,853% from the average daily volume of 2,847,325 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Berenberg Bank decreased their price objective on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a “buy” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.81) price objective on shares of Evoke in a research note on Monday, December 16th.

Evoke Stock Down 1.1 %

The firm has a 50 day moving average price of GBX 68.88 and a 200-day moving average price of GBX 63.49. The stock 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 data 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%. Equities analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.91) per share, for a total transaction of £10,200.40 ($13,202.69). 27.00% of the stock is owned by insiders.

About Evoke