Arcadium Lithium (NYSE:ALTM) Downgraded to Hold Rating by B. Riley

B. Riley downgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler upgraded shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. TD Cowen downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Macquarie downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, Arcadium Lithium currently has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Performance

ALTM opened at $5.22 on Tuesday. The company’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $3.81. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 19.33 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM) last announced 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 firm had revenue of $203.10 million for the quarter, compared to the consensus estimate 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.