Shares of Arcadium Lithium plc (NYSE:ALTM - Get Free Report) have been given an average rating of "Hold" by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.00.
A number of research firms recently issued reports on ALTM. Scotiabank upgraded Arcadium Lithium from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 7th. 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 research report on Monday, October 14th. Macquarie lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th. Finally, Raymond James downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th.
View Our Latest Stock Analysis on Arcadium Lithium
Arcadium Lithium Trading Down 0.3 %
Shares of NYSE ALTM traded down $0.02 during midday trading on Wednesday, hitting $5.44. The company's stock had a trading volume of 17,863,394 shares, compared to its average volume of 15,656,420. The stock has a fifty day moving average price of $3.87 and a 200 day moving average price of $3.75. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 7.99 and a beta of 1.48. 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 posted its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $254.50 million for the quarter, compared to analysts' expectations of $253.63 million.
About Arcadium Lithium
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Get Free ReportArcadium 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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