Arcadium Lithium (NYSE:ALTM) Lowered to “Hold” Rating by B. Riley

B. Riley lowered shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Scotiabank lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. KeyCorp downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Trading Down 1.3 %

Shares of ALTM stock opened at $5.30 on Tuesday. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $3.78. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 19.63 and a beta of 1.48. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analyst estimates of $263.14 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.