Arcadium Lithium (NYSE:ALTM) Trading 3.4% Higher

Arcadium Lithium plc (NYSE:ALTM)’s stock price traded up 3.4% on Tuesday . The stock traded as high as 3.38 and last traded at 3.37. 600,627 shares were traded during trading, a decline of 95% from the average session volume of 12,969,180 shares. The stock had previously closed at 3.26.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. KeyCorp decreased their price target on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th.

Arcadium Lithium Trading Up 7.5 %

The stock has a 50 day simple moving average of 4.15. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 3.33 and a beta of 1.63.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Tuesday, May 7th. The company reported 0.06 earnings per share for the quarter, topping analysts’ consensus estimates of 0.03 by 0.03. The business had revenue of 261.20 million during 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.