Arcadium Lithium (NYSE:ALTM) Lowered to “Hold” Rating by B. Riley

Arcadium Lithium (NYSE:ALTM) was downgraded by analysts at B. Riley from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on ALTM. TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. UBS Group raised Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. KeyCorp lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Macquarie lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Down 1.0 %

Shares of ALTM stock opened at $5.25 on Tuesday. The stock has a market cap of $5.64 billion, a P/E ratio of 19.67 and a beta of 1.48. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $18.77. The stock has a 50 day moving average of $4.09 and a 200 day moving average of $3.79.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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.