Evoke (LON:EVOK) Shares Down 16.3% - Here's What Happened

Shares of Evoke plc (LON:EVOK - Get Free Report) traded down 16.3% during trading on Wednesday . The stock traded as low as GBX 57.50 ($0.74) and last traded at GBX 59.75 ($0.77). 6,331,946 shares were traded during trading, an increase of 212% from the average session volume of 2,026,266 shares. The stock had previously closed at GBX 71.40 ($0.92).

Analysts Set New Price Targets

Several research analysts have recently weighed in on EVOK shares. Berenberg Bank reduced their price target on shares of 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 issued a GBX 140 ($1.81) price objective on shares of Evoke in a research report on Monday, December 16th.

Evoke Trading Down 1.1 %

The company has a 50 day simple moving average of GBX 68.88 and a 200 day simple moving average of GBX 63.49. The stock has a market cap of £224.78 million, a P/E ratio of -1.26 and a beta of 0.84.

Evoke (LON:EVOK - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) 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 expect that Evoke plc will post 12.7648305 earnings per share for the current year.

Insider Buying and Selling

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

Evoke Company Profile