Arcadium Lithium (NYSE:ALTM) Cut to "Hold" at Argus

Argus cut shares of Arcadium Lithium (NYSE:ALTM - Free Report) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently weighed in on ALTM. Piper Sandler raised Arcadium Lithium from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Macquarie cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th. B. Riley lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Scotiabank cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of Arcadium Lithium to a "hold" rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.

Arcadium Lithium Stock Down 1.3 %

Shares of NYSE:ALTM traded down $0.07 during trading on Thursday, hitting $5.14. 9,560,354 shares of the company were exchanged, compared to its average volume of 15,052,686. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The company has a market capitalization of $5.53 billion, a P/E ratio of 19.04 and a beta of 1.44. The business's 50 day moving average is $5.29 and its 200-day moving average is $3.88.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $203.10 million during the quarter, compared to analysts' expectations of $263.14 million.

Arcadium Lithium Company Profile

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.