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

Arcadium Lithium plc (NYSE:ALTM) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of equities research analysts have recently commented on the stock. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th.

Arcadium Lithium Stock Up 5.8 %

Shares of Arcadium Lithium stock opened at $5.26 on Thursday. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77. The firm’s 50 day moving average is $5.27 and its two-hundred day moving average is $3.91. The firm has a market capitalization of $5.66 billion, a P/E ratio of 19.48 and a beta of 1.44.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly 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 company had revenue of $203.10 million for the quarter, compared to analysts’ expectations 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.