Shares of Arcadium Lithium plc (NYSE:ALTM - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.76 and last traded at $5.75, with a volume of 6998193 shares trading hands. The stock had previously closed at $5.71.
Wall Street Analyst Weigh In
Several research analysts have issued reports on ALTM shares. Piper Sandler raised shares of Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Scotiabank lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Argus downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. Macquarie cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Finally, TD Cowen downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $11.00.
Get Our Latest Report on Arcadium Lithium
Arcadium Lithium Trading Down 0.3 %
The firm has a market capitalization of $6.18 billion, a P/E ratio of 21.28 and a beta of 1.45. The stock has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $4.38.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million for the quarter, compared to the consensus estimate 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.
Further Reading
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