B. Riley cut shares of Arcadium Lithium (NYSE:ALTM - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other research firms also recently commented on ALTM. Raymond James downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Scotiabank downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday. Piper Sandler raised shares of Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Macquarie downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Finally, UBS Group raised shares of Arcadium Lithium to a "hold" rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.00.
View Our Latest Stock Analysis on Arcadium Lithium
Arcadium Lithium Price Performance
Shares of NYSE:ALTM traded down $0.05 during midday trading on Tuesday, reaching $5.25. The company had a trading volume of 13,191,615 shares, compared to its average volume of 15,577,558. The stock has a market capitalization of $5.64 billion, a P/E ratio of 19.67 and a beta of 1.48. The stock's fifty day moving average price is $4.09 and its 200-day moving average price is $3.79. Arcadium Lithium has a one year low of $2.19 and a one year high of $18.77.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $203.10 million for the quarter, compared to the consensus estimate of $263.14 million.
Arcadium Lithium Company Profile
(
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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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