Arcadium Lithium (NYSE:ALTM) Lifted to "Hold" at Piper Sandler

Arcadium Lithium (NYSE:ALTM - Get Free Report) was upgraded by stock analysts at Piper Sandler from a "strong sell" rating to a "hold" rating in a research note issued to investors on Wednesday, Zacks.com reports.

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Other research analysts also recently issued research reports about the company. Hsbc Global Res raised Arcadium Lithium to a "hold" rating in a report on Thursday, October 10th. Royal Bank of Canada raised Arcadium Lithium to a "moderate buy" rating in a research note on Tuesday, June 25th. KeyCorp downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. TD Cowen downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Macquarie downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.00.

Check Out Our Latest Stock Report on Arcadium Lithium

Arcadium Lithium Stock Down 0.2 %

Shares of NYSE ALTM traded down $0.01 during trading on Wednesday, reaching $5.52. The company had a trading volume of 17,738,544 shares, compared to its average volume of 15,542,027. The stock has a market cap of $5.94 billion, a PE ratio of 5.32 and a beta of 1.61. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.77. The business's 50-day moving average is $3.10 and its 200 day moving average is $3.62.

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

About Arcadium Lithium

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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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