Shares of Arcadium Lithium plc (NYSE:ALTM – Get 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
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:ALTM – Free 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:ALTM – Get 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
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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