Arcadium Lithium (NYSE:ALTM) Downgraded by Macquarie

Macquarie lowered shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

A number of other research firms have also commented on ALTM. UBS Group raised Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. TD Cowen downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. KeyCorp lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Finally, Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Arcadium Lithium presently has an average rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Stock Performance

NYSE:ALTM opened at $5.53 on Tuesday. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $18.77. The firm has a market cap of $5.95 billion, a PE ratio of 5.32 and a beta of 1.61. The business has a 50 day moving average price of $3.10 and a 200-day moving average price of $3.62.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $254.50 million for the quarter, compared to analysts’ expectations 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.