Arcadium Lithium (NYSE:ALTM) Lowered to Hold at KeyCorp

Arcadium Lithium (NYSE:ALTM) was downgraded by analysts at KeyCorp from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a report on Thursday. UBS Group upgraded Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Scotiabank upgraded Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a report on Monday, October 7th. Finally, Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Arcadium Lithium presently has an average rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Price Performance

ALTM opened at $5.56 on Thursday. The business has a 50 day simple moving average of $2.82 and a two-hundred day simple moving average of $3.58. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 5.34 and a beta of 1.61. Arcadium Lithium has a one year low of $2.19 and a one year high of $18.96.

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