Arcadium Lithium (NYSE:ALTM) Hits New 1-Year High – What’s Next?

Shares of Arcadium Lithium plc (NYSE:ALTM) reached a new 52-week high on Tuesday . The stock traded as high as $5.84 and last traded at $5.83, with a volume of 4731782 shares. The stock had previously closed at $5.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Scotiabank cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Argus cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, Arcadium Lithium presently has a consensus rating of “Hold” and an average target price of $11.00.

Arcadium Lithium Trading Down 0.1 %

The firm has a 50 day moving average of $5.48 and a 200-day moving average of $4.50. The company has a market cap of $6.27 billion, a P/E ratio of 21.57 and a beta of 1.45.

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.