Arcadium Lithium (NYSE:ALTM) Sets New 1-Year Low at $3.90

Arcadium Lithium plc (NYSE:ALTM) reached a new 52-week low during trading on Tuesday . The company traded as low as 3.90 and last traded at 3.97, with a volume of 12303900 shares traded. The stock had previously closed at 4.11.

Analysts Set New Price Targets

Separately, KeyCorp reduced their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th.

Arcadium Lithium Price Performance

The company has a 50-day simple moving average of 4.58. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 2.38 and a beta of 1.82.

Arcadium Lithium (NYSE:ALTM) last posted its earnings results on Thursday, February 22nd. The company reported 0.34 EPS for the quarter, missing analysts’ consensus estimates of 0.36 by -0.02. The firm had revenue of 181.80 million for the quarter, compared to analyst estimates of 219.13 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.