Arcadium Lithium (NYSE:ALTM) Upgraded to “Hold” at Hsbc Global Res

Arcadium Lithium (NYSE:ALTM) was upgraded by analysts at Hsbc Global Res to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Scotiabank raised shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Royal Bank of Canada raised shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Arcadium Lithium Trading Down 0.3 %

Shares of Arcadium Lithium stock opened at $5.54 on Thursday. The company has a market cap of $5.95 billion, a P/E ratio of 5.32 and a beta of 1.61. The business has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $3.56. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.96.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $254.50 million for the quarter, compared to the consensus estimate of $253.63 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.