Evoke (LON:EVOK) Stock Price Down 7.3% - Here's Why

Key Points

• Shares fell 7.3% to GBX 34.30 on Tuesday, with mid-day volume around 1.36 million shares—about 54% below the stock's average daily volume.
• Analysts have cut expectations: Deutsche Bank downgraded Evoke to a "hold" and trimmed its price target from GBX 108 to GBX 35, leaving a consensus "Hold" rating and a target of GBX 34.
• Quarterly results were weak, with EPS of GBX (121.80) and a negative net margin of 30.73%, despite a reported return on equity of 125.82%.

Evoke plc (LON:EVOK - Get Free Report)'s stock price was down 7.3% on Tuesday . The company traded as low as GBX 33.85 and last traded at GBX 34.30. Approximately 1,356,309 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,954,912 shares. The stock had previously closed at GBX 37.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Evoke to a "hold" rating and decreased their price target for the stock from GBX 108 to GBX 35 in a research note on Friday, January 23rd. Berenberg Bank restated a "hold" rating and set a GBX 33 target price on shares of Evoke in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of GBX 34.

Evoke Trading Down 7.3%

The stock has a 50 day simple moving average of GBX 32.33 and a 200-day simple moving average of GBX 30.42. The firm has a market cap of £154.47 million, a PE ratio of -0.28 and a beta of 0.97.

Evoke (LON:EVOK - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported GBX (121.80) EPS for the quarter. The company had revenue of GBX 178.19 billion for the quarter. Evoke had a negative net margin of 30.73% and a positive return on equity of 125.82%. On average, equities research analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Evoke Company Profile

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