Arcadium Lithium (NYSE:ALTM) Shares Gap Up to $2.82

Arcadium Lithium plc (NYSE:ALTM) gapped up prior to trading on Friday . The stock had previously closed at $2.82, but opened at $2.91. Arcadium Lithium shares last traded at $2.94, with a volume of 1,466,339 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th.

Arcadium Lithium Price Performance

The company’s 50 day moving average price is $2.73 and its 200 day moving average price is $3.63. The firm has a market capitalization of $3.10 billion, a P/E ratio of 2.77 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $254.50 million for the quarter, compared to analyst estimates of $253.63 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.