Arcadium Lithium plc (NYSE:ALTM) Given Consensus Rating of “Hold” by Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTM) have earned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.00.

ALTM has been the subject of a number of recent analyst reports. Macquarie lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Finally, KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Arcadium Lithium Price Performance

NYSE ALTM opened at $5.14 on Thursday. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.62. The company has a market capitalization of $5.53 billion, a P/E ratio of 19.04 and a beta of 1.44. The company’s 50 day simple moving average is $5.24 and its 200 day simple moving average is $3.95.

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