Arcadium Lithium (NYSE:ALTM - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03), Zacks reports. The business had revenue of $289.00 million during the quarter, compared to analyst estimates of $250.96 million.
Arcadium Lithium Stock Performance
Shares of ALTM remained flat at $5.84 during trading hours on Monday. 22,989,740 shares of the stock were exchanged, compared to its average volume of 18,111,758. The stock has a 50-day moving average of $5.62 and a two-hundred day moving average of $4.70. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 73.00 and a beta of 1.45. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $5.87.
Wall Street Analyst Weigh In
ALTM has been the topic of several research reports. Scotiabank cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Argus downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Finally, B. Riley cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Arcadium Lithium presently has a consensus rating of "Hold" and an average target price of $11.00.
Check Out Our Latest Analysis on Arcadium Lithium
Insider Buying and Selling
In other Arcadium Lithium news, CEO Paul W. Graves sold 234,038 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.82, for a total value of $1,362,101.16. Following the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at $7,754,742.60. This represents a 14.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.
Arcadium Lithium Company Profile
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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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