Atome (LON:ATOM) Trading Down 15.7% – Here’s What Happened

Shares of Atome Plc (LON:ATOM) traded down 15.7% on Wednesday . The company traded as low as GBX 33 and last traded at GBX 35. Approximately 967,102 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 385,366 shares. The stock had previously closed at GBX 41.50.

Analysts Set New Price Targets

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

Atome Trading Down 1.0%

The company has a quick ratio of 5.80, a current ratio of 0.22 and a debt-to-equity ratio of 46.56. The stock has a market capitalization of £31.34 million, a P/E ratio of -2.17 and a beta of 0.49. The firm’s 50 day simple moving average is GBX 61.61 and its two-hundred day simple moving average is GBX 58.25.

Insider Buying and Selling

In other news, insider Nikita Petrovich Levine purchased 246,914 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of GBX 60 per share, with a total value of £148,148.40. Also, insider Robert Anthony Sheffrin purchased 57,482 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of GBX 60 per share, for a total transaction of £34,489.20. Insiders acquired a total of 5,480,563 shares of company stock worth $328,833,780 over the last 90 days. 26.21% of the stock is owned by company insiders.

Atome Company Profile

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.