Arcadium Lithium (NYSE:ALTM) Sets New 52-Week High – Should You Buy?

Shares of Arcadium Lithium plc (NYSE:ALTM) hit a new 52-week high on Thursday . The stock traded as high as $5.73 and last traded at $5.72, with a volume of 3396973 shares trading hands. The stock had previously closed at $5.71.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Up 0.4 %

The business has a 50-day simple moving average of $5.26 and a 200-day simple moving average of $4.15. The stock has a market cap of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $263.14 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.