Arcadium Lithium (NYSE:ALTM) Stock Rating Upgraded by Piper Sandler

Arcadium Lithium (NYSE:ALTM) was upgraded by equities research analysts at Piper Sandler from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

ALTM has been the subject of a number of other reports. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Macquarie cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Arcadium Lithium presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Stock Performance

NYSE:ALTM opened at $5.53 on Wednesday. The company has a 50-day moving average price of $3.10 and a 200-day moving average price of $3.62. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 5.32 and a beta of 1.61.

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

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.