Atome (LON:ATOM) Shares Down 7.4% – Here’s Why

Atome Plc (LON:ATOM) was down 7.4% during mid-day trading on Monday . The company traded as low as GBX 55.21 and last traded at GBX 59.88. Approximately 247,071 shares traded hands during trading, an increase of 13% from the average daily volume of 217,791 shares. The stock had previously closed at GBX 64.70.

Analyst Ratings Changes

Separately, Stifel Nicolaus restated a “buy” rating and issued a GBX 130 target price on shares of Atome in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 135.

Atome Stock Performance

The company has a market cap of £30.52 million, a PE ratio of -3.98 and a beta of 0.23. The company has a quick ratio of 5.80, a current ratio of 0.39 and a debt-to-equity ratio of 20.00. The business’s fifty day moving average is GBX 52.31 and its 200-day moving average is GBX 54.89.

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.