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

Arcadium Lithium plc (NYSE:ALTM)’s share price reached a new 52-week high on Monday . The stock traded as high as $5.84 and last traded at $5.84, with a volume of 7918893 shares changing hands. The stock had previously closed at $5.82.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. B. Riley downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Ten research 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 Price Performance

The stock’s 50-day moving average is $5.53 and its 200 day moving average is $4.59. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 21.61 and a beta of 1.45.

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.