Arcadium Lithium (NYSE:ALTM) Shares Gap Up – Time to Buy?

Arcadium Lithium plc (NYSE:ALTM) shares gapped up before the market opened on Friday . The stock had previously closed at $2.80, but opened at $2.98. Arcadium Lithium shares last traded at $3.11, with a volume of 3,288,999 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd.

Arcadium Lithium Trading Up 10.0 %

The stock has a fifty day moving average price of $2.68 and a 200-day moving average price of $3.56. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 2.96 and a beta of 1.61.

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