Arcadium Lithium (NYSE:ALTM) Trading Up 3.4%

Arcadium Lithium plc (NYSE:ALTM) shares shot up 3.4% on Tuesday . The company traded as high as 3.38 and last traded at 3.37. 600,627 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 12,969,180 shares. The stock had previously closed at 3.26.

Analyst Ratings Changes

A number of research firms have weighed in on ALTM. Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. KeyCorp cut their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th.

Arcadium Lithium Stock Performance

The company has a market capitalization of $3.49 billion, a P/E ratio of 3.13 and a beta of 1.66. The firm’s fifty day simple moving average is 4.17.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings results on Tuesday, May 7th. The company reported 0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.03 by 0.03. The company had revenue of 261.20 million during the quarter, compared to the consensus estimate of 269.60 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.