Atome (LON:ATOM) Stock Price Down 15.7% – Time to Sell?

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

Analyst Ratings Changes

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

Atome Price Performance

The business’s 50-day simple moving average is GBX 62.83 and its 200 day simple moving average is GBX 58.45. The company has a current ratio of 0.22, a quick ratio of 5.80 and a debt-to-equity ratio of 46.56. The company has a market capitalization of £33.58 million, a P/E ratio of -2.32 and a beta of 0.49.

Insider Buying and Selling at Atome

In other Atome news, insider Peter M. Levine purchased 4,753,086 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of GBX 60 per share, with a total value of £2,851,851.60. Also, insider James E. C. Spalding (Hellmers) acquired 198,347 shares of Atome stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of GBX 60 per share, with a total value of £119,008.20. Over the last three months, insiders have purchased 5,480,563 shares of company stock valued at $328,833,780. Corporate insiders own 26.21% of the company’s stock.

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.