Arcadium Lithium plc (NYSE:ALTM) Receives Average Rating of “Hold” from Analysts

Shares of Arcadium Lithium plc (NYSE:ALTMGet Free Report) have received an average rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.00.

Separately, Argus downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th.

Read Our Latest Report on ALTM

Insider Activity

In other news, CEO Paul W. Graves sold 234,038 shares of Arcadium Lithium stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.82, for a total value of $1,362,101.16. Following the sale, the chief executive officer now directly owns 1,332,430 shares of the company’s stock, valued at $7,754,742.60. The trade was a 14.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Arcadium Lithium

A hedge fund recently bought a new stake in Arcadium Lithium stock. Comprehensive Money Management Services LLC purchased a new stake in Arcadium Lithium plc (NYSE:ALTMFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,050 shares of the company’s stock, valued at approximately $82,000. 27.00% of the stock is currently owned by institutional investors.

Arcadium Lithium Stock Up 0.1 %

ALTM stock opened at $5.85 on Tuesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 73.06 and a beta of 1.48. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $5.87. The business’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $4.91.

Arcadium Lithium (NYSE:ALTMGet Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $250.96 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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Analyst Recommendations for Arcadium Lithium (NYSE:ALTM)

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