Arcadium Lithium plc (NYSE:ALTM - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $5.73 and last traded at $5.72, with a volume of 3396973 shares changing hands. The stock had previously closed at $5.71.
Wall Street Analysts Forecast Growth
ALTM has been the subject of several recent analyst reports. TD Cowen cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. B. Riley downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Piper Sandler upgraded Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Hsbc Global Res upgraded Arcadium Lithium to a "hold" rating in a research note on Thursday, October 10th. Finally, Scotiabank lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Ten equities research 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 a consensus target price of $11.00.
Read Our Latest Report on ALTM
Arcadium Lithium Trading Up 0.4 %
The firm has a market capitalization of $6.16 billion, a PE ratio of 21.20 and a beta of 1.43. The company has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $4.13.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million during the quarter, compared to the consensus estimate of $263.14 million.
About Arcadium Lithium
(
Get Free Report)
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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