Atome (LON:ATOM) Trading Up 26.2% – Here’s What Happened

Atome Plc (LON:ATOM)’s stock price was up 26.2% during trading on Thursday . The company traded as high as GBX 65 and last traded at GBX 64.99. Approximately 267,993 shares traded hands during mid-day trading, an increase of 232% from the average daily volume of 80,629 shares. The stock had previously closed at GBX 51.50.

Wall Street Analyst Weigh In

Several analysts have issued reports on ATOM shares. Stifel Nicolaus restated a “buy” rating and set a GBX 130 price target on shares of Atome in a research report on Thursday, October 30th. Canaccord Genuity Group boosted their target price on Atome from GBX 130 to GBX 140 and gave the company a “speculative buy” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 135.

Atome Stock Performance

The business’s fifty day simple moving average is GBX 51.74 and its 200-day simple moving average is GBX 54.55. The firm has a market cap of £33.00 million, a P/E ratio of -4.30 and a beta of 0.23. The company has a current ratio of 0.39, a quick ratio of 5.80 and a debt-to-equity ratio of 20.00.

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.