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

Atome Plc (LON:ATOM)’s share price fell 43.3% on Wednesday . The company traded as low as GBX 30.20 and last traded at GBX 31.50. 2,378,539 shares were traded during trading, an increase of 566% from the average session volume of 357,191 shares. The stock had previously closed at GBX 55.58.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 122.50.

Atome Stock Down 43.3%

The stock’s fifty day moving average is GBX 65.17 and its two-hundred day moving average is GBX 58.74. 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 firm has a market cap of £30.22 million, a P/E ratio of -2.09 and a beta of 0.52.

Insider Transactions at Atome

In related news, insider Olivier Charles Frederic Mussat purchased 123,457 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 60 per share, with a total value of £74,074.20. Also, insider James E. C. Spalding (Hellmers) purchased 198,347 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of GBX 60 per share, for a total transaction of £119,008.20. Over the last ninety days, insiders have purchased 5,480,563 shares of company stock worth $328,833,780. Company 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.