Arcadium Lithium (NYSE:ALTM) Trading Up 3.4%

Arcadium Lithium plc (NYSE:ALTM) shares were up 3.4% during trading on Tuesday . The company traded as high as 3.38 and last traded at 3.37. Approximately 600,627 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 12,969,180 shares. The stock had previously closed at 3.26.

Analysts Set New Price Targets

A number of research analysts have recently commented on ALTM shares. Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. KeyCorp dropped their price objective on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th.

Arcadium Lithium Price Performance

The stock has a market capitalization of $3.49 billion, a PE ratio of 3.13 and a beta of 1.66. The company’s 50-day moving average price is 4.17.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Tuesday, May 7th. The company reported 0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.03 by 0.03. The firm had revenue of 261.20 million during the quarter, compared to analyst estimates of 269.60 million.

About Arcadium Lithium

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.