Arcadium Lithium (NYSE:ALTM) Shares Gap Up to $2.64

Arcadium Lithium plc (NYSE:ALTM) gapped up before the market opened on Wednesday . The stock had previously closed at $2.64, but opened at $2.96. Arcadium Lithium shares last traded at $2.71, with a volume of 1,389,849 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALTM shares. KeyCorp cut their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th.

Arcadium Lithium Stock Performance

The stock’s fifty day simple moving average is $3.53 and its 200-day simple moving average is $4.22. The stock has a market cap of $3.02 billion, a P/E ratio of 2.70 and a beta of 1.63.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $261.20 million for the quarter, compared to the consensus estimate of $269.60 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.