Arcadium Lithium (NYSE:ALTM) Stock Rating Lowered by B. Riley

Arcadium Lithium (NYSE:ALTM) was downgraded by equities researchers at B. Riley from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. Piper Sandler upgraded shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Finally, Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Arcadium Lithium currently has an average rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Trading Down 1.0 %

Shares of ALTM opened at $5.25 on Tuesday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.67 and a beta of 1.48. The firm has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $3.79. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analysts’ expectations 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.