Atome (LON:ATOM) Trading Up 8.3% – Still a Buy?

Shares of Atome Plc (LON:ATOM) traded up 8.3% during trading on Wednesday . The company traded as high as GBX 65.70 and last traded at GBX 64.95. 376,584 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 190,284 shares. The stock had previously closed at GBX 60.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reissued a “buy” rating and set a GBX 130 price target on shares of Atome in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 135.

Atome Stock Performance

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 company has a 50-day simple moving average of GBX 57.43 and a two-hundred day simple moving average of GBX 56.12. The firm has a market cap of £33.10 million, a PE ratio of -4.31 and a beta of 0.23.

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.