Atome (LON:ATOM) Trading 11.1% Higher – Still a Buy?

Atome Plc (LON:ATOM)’s share price traded up 11.1% during trading on Thursday . The company traded as high as GBX 36 and last traded at GBX 35. 1,615,196 shares traded hands during mid-day trading, an increase of 336% from the average session volume of 370,150 shares. The stock had previously closed at GBX 31.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on shares of 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atome has a consensus rating of “Buy” and a consensus price target of GBX 122.50.

Atome Price Performance

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 stock has a 50-day simple moving average of GBX 63.77 and a 200 day simple moving average of GBX 58.43. The stock has a market capitalization of £37.42 million, a price-to-earnings ratio of -2.59 and a beta of 0.49.

Insider Buying and Selling at Atome

In related news, insider Robert Anthony Sheffrin purchased 57,482 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of GBX 60 per share, for a total transaction of £34,489.20. Also, insider Olivier Charles Frederic Mussat purchased 123,457 shares of the company’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 £74,074.20. Insiders acquired a total of 5,480,563 shares of company stock valued at $328,833,780 in the last 90 days. 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.