Scotiabank Upgrades Arcadium Lithium (NYSE:ALTM) to “Strong-Buy”

Arcadium Lithium (NYSE:ALTM) was upgraded by analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd.

Arcadium Lithium Price Performance

ALTM opened at $4.24 on Monday. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 4.08 and a beta of 1.61. The firm has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $3.55. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $18.96.

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