Arcadium Lithium (NYSE:ALTM) Upgraded to “Strong-Buy” by Scotiabank

Arcadium Lithium (NYSE:ALTM) was upgraded by analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks.com reports.

Several other research analysts also recently issued reports on the company. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd.

Arcadium Lithium Stock Up 1.7 %

Shares of Arcadium Lithium stock opened at $4.24 on Monday. The firm has a market capitalization of $4.56 billion, a P/E ratio of 4.08 and a beta of 1.61. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.96. The firm’s 50 day moving average is $2.70 and its two-hundred day moving average is $3.55.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $253.63 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.