Arcadium Lithium (NYSE:ALTM) Shares Gap Up - Should You Buy?

Arcadium Lithium plc (NYSE:ALTM - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $5.27, but opened at $5.72. Arcadium Lithium shares last traded at $5.73, with a volume of 38,807,854 shares traded.

Wall Street Analysts Forecast Growth

ALTM has been the topic of a number of research analyst reports. TD Cowen cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Argus lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. Hsbc Global Res upgraded Arcadium Lithium to a "hold" rating in a research report on Thursday, October 10th. B. Riley lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Raymond James cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, Arcadium Lithium presently has a consensus rating of "Hold" and a consensus price target of $11.00.

Arcadium Lithium Stock Up 8.3 %

The stock has a market cap of $6.14 billion, a PE ratio of 21.15 and a beta of 1.43. The stock's fifty day moving average price is $5.22 and its 200 day moving average price is $4.04.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $203.10 million during the quarter, compared to analyst estimates of $263.14 million.

Arcadium Lithium Company Profile

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.