Arcadium Lithium (NYSE:ALTM) Stock Rating Lowered by Scotiabank

Arcadium Lithium (NYSE:ALTM) was downgraded by equities researchers at Scotiabank from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

ALTM has been the topic of several other research reports. Macquarie lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Arcadium Lithium Trading Down 1.3 %

Shares of NYSE:ALTM opened at $5.30 on Monday. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77. The company’s 50 day moving average is $4.03 and its two-hundred day moving average is $3.78. The company has a market cap of $5.70 billion, a PE ratio of 19.87 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM) last posted its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million during the quarter, compared to analysts’ expectations 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.