Atome (LON:ATOM) Stock Price Up 13.6% – Should You Buy?

Atome Plc (LON:ATOM) shares rose 13.6% during trading on Wednesday . The stock traded as high as GBX 50 and last traded at GBX 49.40. Approximately 193,573 shares were traded during trading, an increase of 117% from the average daily volume of 89,393 shares. The stock had previously closed at GBX 43.50.

Analyst Ratings Changes

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

Atome Trading Up 14.9%

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’s 50-day moving average is GBX 61.09 and its 200-day moving average is GBX 54.50. The stock has a market capitalization of £25.48 million, a price-to-earnings ratio of -3.32 and a beta of 0.23.

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.