Arcadium Lithium (NYSE:ALTM) Lowered to Hold Rating by B. Riley

B. Riley lowered shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Raymond James cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. UBS Group raised Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Finally, KeyCorp lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Trading Down 1.3 %

NYSE:ALTM opened at $5.30 on Tuesday. The stock has a 50 day simple moving average of $4.03 and a 200 day simple moving average of $3.78. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The stock has a market cap of $5.70 billion, a P/E ratio of 19.63 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $203.10 million for the quarter, compared to the consensus estimate of $263.14 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.