Arcadium Lithium plc (NYSE:ALTM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.80 and last traded at $5.81, with a volume of 10575447 shares traded. The stock had previously closed at $5.73.
Analysts Set New Price Targets
ALTM has been the subject of several recent research reports. Scotiabank cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. B. Riley cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Argus cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average price target of $11.00.
Check Out Our Latest Analysis on Arcadium Lithium
Arcadium Lithium Stock Performance
The business has a 50-day simple moving average of $5.47 and a two-hundred day simple moving average of $4.47. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 21.57 and a beta of 1.45.
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.
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