Arcadium Lithium (NYSE:ALTM) Downgraded to Hold at Macquarie

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

Several other research firms have also recently commented on ALTM. Royal Bank of Canada raised shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. TD Cowen lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Down 0.2 %

Shares of Arcadium Lithium stock opened at $5.53 on Tuesday. The company has a market capitalization of $5.95 billion, a P/E ratio of 5.32 and a beta of 1.61. The stock has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $3.59. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.77.

Arcadium Lithium (NYSE:ALTM) last posted its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $253.63 million.

Arcadium Lithium Company Profile

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.