Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $2.39

Shares of Arcadium Lithium plc (NYSE:ALTM - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.39, but opened at $2.33. Arcadium Lithium shares last traded at $2.29, with a volume of 424,133 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALTM. Royal Bank of Canada raised Arcadium Lithium to a "moderate buy" rating in a research report on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a "hold" rating in a research note on Tuesday.

Arcadium Lithium Trading Down 5.4 %

The firm has a 50 day simple moving average of $3.04 and a 200 day simple moving average of $3.90. The firm has a market capitalization of $2.43 billion, a PE ratio of 2.16 and a beta of 1.63.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $254.50 million during the quarter, compared to analysts' expectations of $253.63 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.