Arcadium Lithium (NYSE:ALTM) Shares Gap Up to $2.67

Arcadium Lithium plc (NYSE:ALTM) gapped up prior to trading on Wednesday . The stock had previously closed at $2.67, but opened at $2.75. Arcadium Lithium shares last traded at $2.78, with a volume of 1,772,579 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th.

Arcadium Lithium Trading Up 5.6 %

The company’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $4.05. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 2.71 and a beta of 1.63.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $253.63 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.