Atome (LON:ATOM) Trading Down 43.3% – Time to Sell?

Shares of Atome Plc (LON:ATOM) dropped 43.3% during trading on Wednesday . The stock traded as low as GBX 30.20 and last traded at GBX 31.50. Approximately 2,378,539 shares traded hands during trading, an increase of 566% from the average daily volume of 357,191 shares. The stock had previously closed at GBX 55.58.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on shares of Atome from GBX 140 to GBX 115 and set a “speculative buy” rating on the stock in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 122.50.

Atome Stock Down 43.3%

The firm has a market cap of £30.22 million, a PE ratio of -2.09 and a beta of 0.52. The company has a debt-to-equity ratio of 46.56, a quick ratio of 5.80 and a current ratio of 0.22. The company’s 50-day simple moving average is GBX 65.17 and its two-hundred day simple moving average is GBX 58.74.

Insider Buying and Selling at Atome

In other news, insider Olivier Charles Frederic Mussat purchased 123,457 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 60 per share, with a total value of £74,074.20. Also, insider Robert Anthony Sheffrin purchased 57,482 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of GBX 60 per share, with a total value of £34,489.20. Insiders have bought a total of 5,480,563 shares of company stock worth $328,833,780 over the last ninety days. 26.21% of the stock is owned by company insiders.

About Atome

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.