Arcadium Lithium (NYSE:ALTM) Stock Price Down 4.8%

Shares of Arcadium Lithium plc (NYSE:ALTMGet Free Report) traded down 4.8% during trading on Tuesday . The stock traded as low as 3.10 and last traded at 3.16. 3,869,689 shares were traded during mid-day trading, a decline of 69% from the average session volume of 12,674,141 shares. The stock had previously closed at 3.32.

Analyst Ratings Changes

Separately, KeyCorp decreased their price target on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th.

Check Out Our Latest Report on ALTM

Arcadium Lithium Price Performance

The firm’s 50 day moving average price is 4.22. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 3.00 and a beta of 1.66.

Arcadium Lithium (NYSE:ALTMGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported 0.06 EPS for the quarter, beating the consensus estimate of 0.03 by 0.03. The business had revenue of 261.20 million during the quarter, compared to analyst estimates of 269.60 million.

About Arcadium Lithium

(Get Free Report)

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.

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