Arcadium Lithium (NYSE:ALTM) Reaches New 12-Month High – Here’s What Happened

Arcadium Lithium plc (NYSE:ALTM)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.76 and last traded at $5.75, with a volume of 6998193 shares changing hands. The stock had previously closed at $5.71.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALTM. Argus lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Finally, Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Up 0.6 %

The company has a market cap of $6.18 billion, a PE ratio of 21.28 and a beta of 1.43. The stock has a 50 day moving average price of $5.36 and a 200 day moving average price of $4.33.

Arcadium Lithium (NYSE:ALTM) last announced 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 business had revenue of $203.10 million during 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.