Arcadium Lithium (NYSE:ALTM - Get Free Report) was downgraded by investment analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.
Several other analysts have also recently weighed in on ALTM. Raymond James cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Piper Sandler raised Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. KeyCorp cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. TD Cowen lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Finally, Hsbc Global Res upgraded Arcadium Lithium to a "hold" rating in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Arcadium Lithium presently has a consensus rating of "Hold" and a consensus price target of $11.00.
Get Our Latest Research Report on ALTM
Arcadium Lithium Stock Down 0.9 %
Shares of NYSE ALTM traded down $0.05 during midday trading on Monday, hitting $5.32. 4,863,305 shares of the company's stock were exchanged, compared to its average volume of 15,554,306. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77. The company's 50 day moving average price is $4.03 and its 200 day moving average price is $3.78. The firm has a market capitalization of $5.72 billion, a PE ratio of 19.87 and a beta of 1.48.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million during the quarter, compared to analyst estimates of $263.14 million.
About Arcadium Lithium
(
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Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.
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