Arcadium Lithium (NYSE:ALTM) Cut to Hold at B. Riley

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

Other equities analysts have also recently issued research reports about the company. Raymond James cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, UBS Group upgraded Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Up 0.4 %

Shares of Arcadium Lithium stock traded up $0.02 on Tuesday, hitting $5.24. The stock had a trading volume of 748,962 shares, compared to its average volume of 15,524,392. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.77. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 19.44 and a beta of 1.48. The company’s 50 day moving average price is $4.15 and its 200 day moving average price is $3.80.

Arcadium Lithium (NYSE:ALTM) last posted its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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.