Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $3.58

Arcadium Lithium plc (NYSE:ALTM) gapped down before the market opened on Thursday . The stock had previously closed at 3.58, but opened at 3.43. Arcadium Lithium shares last traded at 3.36, with a volume of 773,945 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALTM shares. Royal Bank of Canada raised shares of Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday. KeyCorp decreased their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th.

Arcadium Lithium Stock Performance

The stock has a market capitalization of $3.61 billion, a P/E ratio of 3.23 and a beta of 1.66. The company’s 50-day moving average is 4.19.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data on Tuesday, May 7th. The company reported 0.06 earnings per share for the quarter, topping the consensus estimate of 0.03 by 0.03. The company had revenue of 261.20 million for the quarter, compared to analysts’ expectations 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.