Arcadium Lithium (NYSE:ALTM) Upgraded by Scotiabank to Strong-Buy

Scotiabank upgraded shares of Arcadium Lithium (NYSE:ALTM) from a hold rating to a strong-buy rating in a research report sent to investors on Monday, Zacks.com reports.

ALTM has been the topic of several other reports. Royal Bank of Canada upgraded shares of Arcadium Lithium to a moderate buy rating in a research report on Tuesday, June 25th. UBS Group raised Arcadium Lithium to a hold rating in a report on Tuesday, September 3rd.

Arcadium Lithium Price Performance

ALTM stock opened at $5.54 on Monday. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $18.96. The company has a market cap of $5.95 billion, a P/E ratio of 5.34 and a beta of 1.61. The stock’s fifty day moving average price is $2.77 and its 200-day moving average price is $3.56.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $253.63 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.