Arcadium Lithium (NYSE:ALTM) Sets New 52-Week High – What’s Next?

Arcadium Lithium plc (NYSE:ALTM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $5.73 and last traded at $5.73, with a volume of 11063139 shares traded. The stock had previously closed at $5.72.

Wall Street Analyst Weigh In

ALTM has been the topic of a number of recent analyst reports. TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Macquarie lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Price Performance

The stock has a market capitalization of $6.17 billion, a P/E ratio of 21.24 and a beta of 1.43. The firm has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $4.20.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $263.14 million.

Arcadium Lithium Company Profile

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.