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 mid-day 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).

Analyst Upgrades and Downgrades

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

Evoke Stock Performance

The company's 50-day moving average is GBX 62.59 and its 200-day moving average is GBX 62.11. The firm has a market cap of £213.18 million, a price-to-earnings ratio of -1.19 and a beta of 0.84.

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

Insider Activity at Evoke

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

About Evoke