Evoke (LON:EVOK) Trading Up 17.2% - Here's Why

Evoke plc (LON:EVOK - Get Free Report) shares traded up 17.2% during mid-day trading on Wednesday . The company traded as high as GBX 45.90 ($0.60) and last traded at GBX 44.30 ($0.58). 3,500,189 shares traded hands during trading, an increase of 35% from the average session volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.49).

Wall Street Analysts Forecast Growth

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

Evoke Price Performance

The company has a market capitalization of £212.29 million, a P/E ratio of -1.19 and a beta of 0.84. The business's 50-day moving average price is GBX 62.59 and its two-hundred day moving average price is GBX 62.11.

Evoke (LON:EVOK - Get Free Report) last posted its 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%. Research analysts expect that Evoke plc will post 12.7648305 earnings per share for the current fiscal year.

Insider Activity at Evoke

In related news, insider Jonathan (Jon) Mendelsohn bought 200,000 shares of Evoke stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of GBX 48 ($0.63) per share, with a total value of £96,000 ($125,605.13). Also, insider Andrea Gisle Joosen bought 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were purchased at an average price of GBX 70 ($0.92) per share, with a total value of £10,200.40 ($13,346.07). 27.00% of the stock is owned by insiders.

Evoke Company Profile