Arcadium Lithium (NYSE:ALTM) Rating Lowered to Hold at Argus

Arcadium Lithium (NYSE:ALTM) was downgraded by analysts at Argus from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. 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

Shares of ALTM opened at $5.15 on Thursday. The firm has a market cap of $5.53 billion, a PE ratio of 19.06 and a beta of 1.44. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.77. The business’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $3.88.

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