Arcadium Lithium (NYSE:ALTM) Stock Rating Lowered by B. Riley

Arcadium Lithium (NYSE:ALTM) was downgraded by equities research analysts at B. Riley from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

ALTM has been the subject of several other reports. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Macquarie lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Piper Sandler raised Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, TD Cowen downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Nine research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.00.

Arcadium Lithium Stock Performance

ALTM opened at $5.30 on Tuesday. The firm has a market cap of $5.70 billion, a P/E ratio of 19.63 and a beta of 1.48. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.77. The business’s fifty day moving average is $4.03 and its 200-day moving average is $3.78.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $203.10 million during the quarter, compared to the consensus estimate 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.