Arcadium Lithium plc (NYSE:ALTM) Receives Average Rating of “Hold” from Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTM) have earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.00.

ALTM has been the topic of a number of recent analyst reports. Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Arcadium Lithium Price Performance

Shares of ALTM opened at $5.83 on Friday. The firm’s 50 day simple moving average is $5.44 and its 200 day simple moving average is $4.44. The company has a market capitalization of $6.27 billion, a P/E ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $5.83.

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.