Arcadium Lithium plc (NYSE:ALTM - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $5.76 and last traded at $5.76, with a volume of 8268672 shares traded. The stock had previously closed at $5.72.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Argus cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Raymond James lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Macquarie cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Hsbc Global Res raised shares of Arcadium Lithium to a "hold" rating in a research note on Thursday, October 10th. Finally, TD Cowen lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.00.
Get Our Latest Analysis on Arcadium Lithium
Arcadium Lithium Stock Performance
The firm has a 50 day simple moving average of $5.33 and a 200 day simple moving average of $4.27. The firm has a market cap of $6.19 billion, a P/E ratio of 21.31 and a beta of 1.43.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The firm had revenue of $203.10 million during the quarter, compared to analysts' expectations 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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