Arcadium Lithium (NYSE:ALTM – Get Free Report) issued its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05, reports. The firm had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $253.63 million.
Arcadium Lithium Price Performance
Shares of ALTM stock opened at $2.82 on Friday. The firm’s 50-day moving average is $3.46 and its two-hundred day moving average is $4.20. The company has a market capitalization of $3.03 billion, a PE ratio of 2.66 and a beta of 1.63. Arcadium Lithium has a 12 month low of $2.50 and a 12 month high of $23.69.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised shares of Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th.
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.
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