Evoke (LON:EVOK) Shares Up 17.2% – Here’s Why

Evoke plc (LON:EVOK) rose 17.2% on Tuesday . The company traded as high as GBX 45.90 ($0.58) and last traded at GBX 44.30 ($0.56). Approximately 3,500,189 shares changed hands during trading, an increase of 35% from the average daily volume of 2,588,063 shares. The stock had previously closed at GBX 37.80 ($0.48).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 140 ($1.78) target price on shares of Evoke in a research note on Monday, December 16th.

Evoke Price Performance

The business’s 50 day simple moving average is GBX 65.63 and its 200 day simple moving average is GBX 62.80. The company has a market capitalization of £197.57 million, a PE ratio of -1.11 and a beta of 0.84.

Evoke (LON:EVOK) last released its quarterly 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%. As a group, analysts anticipate that Evoke plc will post 12.7648305 EPS for the current year.

Insider Activity

In related news, insider Jonathan (Jon) Mendelsohn purchased 200,000 shares of the company’s stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of GBX 48 ($0.61) per share, for a total transaction of £96,000 ($122,199.59). Also, insider Andrea Gisle Joosen purchased 14,572 shares of Evoke stock in a transaction dated Tuesday, January 28th. The stock was bought at an average cost of GBX 70 ($0.89) per share, for a total transaction of £10,200.40 ($12,984.22). Corporate insiders own 27.00% of the company’s stock.

About Evoke