Arcadium Lithium (NYSE:ALTM) Cut to Hold at Argus

Argus lowered shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently commented on ALTM. B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. TD Cowen cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. KeyCorp lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Piper Sandler raised Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. 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 a consensus price target of $11.00.

Arcadium Lithium Trading Down 1.3 %

Arcadium Lithium stock opened at $5.14 on Thursday. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77. The stock has a fifty day simple moving average of $5.29 and a two-hundred day simple moving average of $3.88. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 19.04 and a beta of 1.44.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $263.14 million.

Arcadium Lithium Company Profile

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.