Arcadium Lithium (NYSE:ALTM) Downgraded by TD Cowen to “Hold”

TD Cowen downgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research report released on Monday, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Six analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Arcadium Lithium currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Stock Performance

Shares of ALTM opened at $5.53 on Monday. The business’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.62. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 5.32 and a beta of 1.61. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77.

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