Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $3.58

Arcadium Lithium plc (NYSE:ALTM) shares gapped down prior to trading on Thursday . The stock had previously closed at 3.58, but opened at 3.43. Arcadium Lithium shares last traded at 3.36, with a volume of 773,945 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ALTM shares. KeyCorp cut their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Royal Bank of Canada raised shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday.

Arcadium Lithium Trading Down 6.4 %

The company has a 50-day simple moving average of 4.21. The company has a market capitalization of $3.60 billion, a P/E ratio of 3.16 and a beta of 1.66.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data on Tuesday, May 7th. The company reported 0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.03 by 0.03. The company 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.