Arcadium Lithium (NYSE:ALTM) Hits New 12-Month Low at $3.90

Arcadium Lithium plc (NYSE:ALTM)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as 3.90 and last traded at 3.97, with a volume of 12303900 shares changing hands. The stock had previously closed at 4.11.

Analysts Set New Price Targets

Separately, KeyCorp reduced their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th.

Arcadium Lithium Stock Down 3.4 %

The business has a 50 day simple moving average of 4.61. The stock has a market cap of $4.27 billion, a P/E ratio of 2.51 and a beta of 1.82.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings results on Thursday, February 22nd. The company reported 0.34 EPS for the quarter, missing analysts’ consensus estimates of 0.36 by -0.02. The business had revenue of 181.80 million during the quarter, compared to the consensus estimate of 219.13 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.