Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $2.39

Arcadium Lithium plc (NYSE:ALTM) gapped down prior to trading on Friday . The stock had previously closed at $2.39, but opened at $2.33. Arcadium Lithium shares last traded at $2.29, with a volume of 424,133 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALTM shares. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th.

Arcadium Lithium Stock Down 7.5 %

The firm has a fifty day moving average of $3.04 and a 200-day moving average of $3.90. The firm has a market cap of $2.38 billion, a P/E ratio of 2.17 and a beta of 1.63.

Arcadium Lithium (NYSE:ALTM) last announced 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.