Arcadium Lithium (NYSE:ALTM) Trading Down 4.6% – Here’s What Happened

Shares of Arcadium Lithium plc (NYSE:ALTM) traded down 4.6% during trading on Monday . The company traded as low as $4.97 and last traded at $5.01. 5,245,320 shares traded hands during trading, a decline of 65% from the average session volume of 15,193,520 shares. The stock had previously closed at $5.25.

Analyst Upgrades and Downgrades

ALTM has been the topic of several research reports. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. TD Cowen lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Stock Down 1.9 %

The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 18.56 and a beta of 1.48. The business has a 50 day moving average price of $4.82 and a 200-day moving average price of $3.84.

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