Arcadium Lithium (NYSE:ALTM) Hits New 52-Week High – Should You Buy?

Shares of Arcadium Lithium plc (NYSE:ALTM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.80 and last traded at $5.81, with a volume of 10575447 shares. The stock had previously closed at $5.73.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Argus cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Stock Performance

The stock’s 50-day moving average is $5.44 and its 200 day moving average is $4.44. The stock has a market capitalization of $6.27 billion, a PE ratio of 21.57 and a beta of 1.45.

Arcadium Lithium Company Profile

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.