Hsbc Global Res Upgrades Arcadium Lithium (NYSE:ALTM) to “Hold”

Arcadium Lithium (NYSE:ALTMGet Free Report) was upgraded by equities researchers at Hsbc Global Res to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank upgraded Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

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Arcadium Lithium Stock Up 0.5 %

NYSE:ALTM opened at $5.56 on Thursday. The business’s 50 day moving average is $2.82 and its two-hundred day moving average is $3.58. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.96. The company has a market cap of $5.97 billion, a PE ratio of 5.34 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTMGet Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate of $253.63 million.

About Arcadium Lithium

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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.

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