Arcadium Lithium (NYSE:ALTM) Hits New 1-Year High – Time to Buy?

Arcadium Lithium plc (NYSE:ALTM)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $5.80 and last traded at $5.81, with a volume of 10575447 shares changing hands. The stock had previously closed at $5.73.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALTM shares. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Piper Sandler upgraded shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.00.

Arcadium Lithium Trading Up 1.3 %

The company has a 50-day moving average of $5.42 and a 200-day moving average of $4.41. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 21.50 and a beta of 1.45.

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.