Arcadium Lithium plc (NYSE:ALTM) Receives Consensus Rating of “Hold” from Analysts

Arcadium Lithium plc (NYSE:ALTM) has received an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

A number of research analysts have recently weighed in on ALTM shares. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Macquarie lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th.

Arcadium Lithium Stock Down 0.2 %

ALTM stock opened at $5.13 on Thursday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 19.00 and a beta of 1.44. The company’s fifty day simple moving average is $5.23 and its 200 day simple moving average is $3.97. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.62.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.