Arcadium Lithium (NYSE:ALTM) Upgraded at Royal Bank of Canada

Arcadium Lithium (NYSE:ALTM) was upgraded by equities research analysts at Royal Bank of Canada to a “moderate buy” rating in a report released on Tuesday, Zacks.com reports.

Separately, KeyCorp reduced their price objective on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th.

Arcadium Lithium Stock Performance

NYSE ALTM opened at 3.58 on Tuesday. Arcadium Lithium has a 12 month low of 3.10 and a 12 month high of 29.17. The company has a market cap of $3.85 billion, a PE ratio of 3.44 and a beta of 1.66. The business’s 50 day moving average price is 4.21.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of 269.60 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.