Arcadium Lithium (NYSE:ALTM) Sets New 1-Year High – Here’s What Happened

Arcadium Lithium plc (NYSE:ALTM)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $5.73 and last traded at $5.72, with a volume of 3396973 shares traded. The stock had previously closed at $5.71.

Analysts Set New Price Targets

A number of research analysts recently commented on ALTM shares. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Macquarie lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, TD Cowen downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Arcadium Lithium presently has an average rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Performance

The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 21.20 and a beta of 1.43. The business’s 50-day moving average is $5.26 and its 200-day moving average is $4.15.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data 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 the consensus estimate 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.