Arcadium Lithium (NYSE:ALTM) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Arcadium Lithium (NYSE:ALTM) to a hold rating in a research note released on Thursday morning, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised Arcadium Lithium to a moderate buy rating in a report on Tuesday, June 25th. Scotiabank raised Arcadium Lithium from a hold rating to a strong-buy rating in a report on Monday, October 7th. Finally, UBS Group raised Arcadium Lithium to a hold rating in a report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average 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 $2.87 and a 200-day simple moving average of $3.58. The stock has a market capitalization of $5.98 billion, a P/E ratio of 5.35 and a beta of 1.61. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.96.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $254.50 million for the quarter, compared to analyst estimates of $253.63 million.

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.