Arcadium Lithium (NYSE:ALTM) Hits New 12-Month High – What’s Next?

Arcadium Lithium plc (NYSE:ALTM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.84 and last traded at $5.83, with a volume of 4731782 shares traded. The stock had previously closed at $5.83.

Analyst Upgrades and Downgrades

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

Arcadium Lithium Stock Performance

The firm’s 50-day moving average is $5.51 and its 200 day moving average is $4.53. The firm 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.