Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $2.88

Shares of Arcadium Lithium plc (NYSE:ALTM) gapped down before the market opened on Thursday . The stock had previously closed at $2.88, but opened at $2.77. Arcadium Lithium shares last traded at $2.77, with a volume of 790,316 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group raised Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th.

Arcadium Lithium Price Performance

The company has a market capitalization of $3.00 billion, a P/E ratio of 2.76 and a beta of 1.61. The firm has a fifty day moving average price of $2.70 and a 200-day moving average price of $3.58.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate 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.