Evoke (LON:EVOK) Trading 16.4% Higher - Here's Why

Evoke plc (LON:EVOK - Get Free Report)'s share price rose 16.4% during trading on Tuesday . The stock traded as high as GBX 45.90 ($0.60) and last traded at GBX 44 ($0.58). Approximately 21,217,725 shares were traded during mid-day trading, an increase of 646% from the average daily volume of 2,844,839 shares. The stock had previously closed at GBX 37.80 ($0.49).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 140 ($1.83) price target on shares of Evoke in a report on Monday, December 16th.

Evoke Trading Down 4.9 %

The company has a 50-day moving average of GBX 62.59 and a 200-day moving average of GBX 62.10. The firm has a market capitalization of £207.38 million, a P/E ratio of -1.16 and a beta of 0.84.

Evoke (LON:EVOK - Get Free Report) last announced 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%. Research analysts predict that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In other Evoke news, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,654.45). Also, insider Andrea Gisle Joosen purchased 14,572 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.92) per share, for a total transaction of £10,200.40 ($13,351.31). Insiders own 27.00% of the company's stock.

About Evoke