Arcadium Lithium (NYSE:ALTM) Shares Gap Up to $4.11

Arcadium Lithium plc (NYSE:ALTM)’s share price gapped up before the market opened on Monday . The stock had previously closed at 4.11, but opened at 4.23. Arcadium Lithium shares last traded at 4.13, with a volume of 1,146,033 shares.

Wall Street Analysts Forecast Growth

Separately, KeyCorp decreased their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th.

Arcadium Lithium Price Performance

The firm has a 50-day moving average of 4.60. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 2.37 and a beta of 1.82.

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