Arcadium Lithium (NYSE:ALTM) Shares Up 3.3% - What's Next?

Arcadium Lithium plc (NYSE:ALTM - Get Free Report)'s stock price rose 3.3% on Monday . The stock traded as high as $5.05 and last traded at $5.01. Approximately 2,811,619 shares were traded during trading, a decline of 81% from the average daily volume of 15,112,979 shares. The stock had previously closed at $4.85.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ALTM shares. Hsbc Global Res upgraded shares of Arcadium Lithium to a "hold" rating in a research report on Thursday, October 10th. Piper Sandler upgraded Arcadium Lithium from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 16th. TD Cowen lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. KeyCorp lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, Raymond James downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.

Arcadium Lithium Stock Up 2.5 %

The firm's 50-day simple moving average is $5.29 and its 200-day simple moving average is $3.90. The firm has a market capitalization of $5.35 billion, a P/E ratio of 18.41 and a beta of 1.44.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last released 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 firm had revenue of $203.10 million during the quarter, compared to analysts' expectations of $263.14 million.

About Arcadium Lithium

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.