Allkem Limited (OTCMKTS:OROCF) Receives Consensus Rating of “Hold” from Brokerages

Allkem Limited (OTCMKTS:OROCF – Get Rating) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company.

Several equities analysts have recently commented on OROCF shares. Morgan Stanley lowered Allkem from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 8th. The Goldman Sachs Group initiated coverage on shares of Allkem in a research report on Wednesday, December 7th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group lowered shares of Allkem from a “buy” rating to a “hold” rating in a report on Friday, January 27th.

Allkem Stock Performance

OROCF opened at $6.85 on Friday. The business’s fifty day simple moving average is $8.49 and its 200 day simple moving average is $8.96. Allkem has a 52 week low of $6.35 and a 52 week high of $11.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.74 and a quick ratio of 3.40.

About Allkem

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Allkem Ltd. operates as a lithium chemicals company and borates producer with a global portfolio of diverse & lithium chemicals. The company was founded on January 20, 2005 and is headquartered in Brisbane, Australia.