Arcadium Lithium (NYSE:ALTM) Shares Gap Down to $2.39

Arcadium Lithium plc (NYSE:ALTM)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $2.39, but opened at $2.33. Arcadium Lithium shares last traded at $2.29, with a volume of 424,133 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALTM shares. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th.

Arcadium Lithium Stock Performance

The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 2.17 and a beta of 1.63. The business has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $3.90.

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