Arcadium Lithium (NYSE:ALTM) Cut to “Hold” at Scotiabank

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

A number of other brokerages have also weighed in on ALTM. Macquarie lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Trading Down 1.0 %

Arcadium Lithium stock opened at $5.25 on Monday. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.67 and a beta of 1.48. The firm’s fifty day moving average price is $4.09 and its two-hundred day moving average price is $3.79.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Thursday, November 7th. The company reported $0.01 EPS 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.