Arcadium Lithium plc (NYSE:ALTM - Get Free Report) saw strong trading volume on Wednesday . 8,217,643 shares changed hands during mid-day trading, a decline of 47% from the previous session's volume of 15,553,103 shares.The stock last traded at $5.51 and had previously closed at $5.54.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on ALTM shares. Hsbc Global Res upgraded Arcadium Lithium to a "hold" rating in a research report on Thursday, October 10th. Royal Bank of Canada raised Arcadium Lithium to a "moderate buy" rating in a report on Tuesday, June 25th. UBS Group upgraded shares of Arcadium Lithium to a "hold" rating in a research report on Tuesday, September 3rd. Raymond James cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, KeyCorp lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.00.
View Our Latest Research Report on ALTM
Arcadium Lithium Price Performance
The company's 50 day moving average price is $3.27 and its two-hundred day moving average price is $3.64. The firm has a market cap of $5.95 billion, a PE ratio of 5.32 and a beta of 1.61.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last issued 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 business had revenue of $254.50 million for the quarter, compared to the consensus estimate of $253.63 million.
About Arcadium Lithium
(
Get Free Report)
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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