Evoke (LON:EVOK) Trading Down 10% - Here's Why

Evoke plc (LON:EVOK - Get Free Report) was down 10% during trading on Thursday . The stock traded as low as GBX 50.20 ($0.65) and last traded at GBX 51.73 ($0.67). Approximately 65,066,164 shares traded hands during mid-day trading, an increase of 1,994% from the average daily 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 brokerages have recently commented on EVOK. Berenberg Bank cut their price target on Evoke from GBX 130 ($1.68) to GBX 90 ($1.16) and set a "buy" rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 140 ($1.81) target price on shares of Evoke in a research report on Monday, December 16th.

Evoke Price Performance

The firm has a market cap of £211.75 million, a P/E ratio of -1.19 and a beta of 0.84. The company's 50 day moving average is GBX 68.36 and its two-hundred day moving average is GBX 63.39.

Evoke (LON:EVOK - Get Free Report) last issued 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 Buying and Selling at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price of GBX 70 ($0.90) per share, with a total value of £10,200.40 ($13,178.81). Company insiders own 27.00% of the company's stock.

Evoke Company Profile