Arcadium Lithium (NYSE:ALTM) Sets New 52-Week High – Still a Buy?

Arcadium Lithium plc (NYSE:ALTM) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $5.80 and last traded at $5.81, with a volume of 10575447 shares changing hands. The stock had previously closed at $5.73.

Analyst Ratings Changes

Several brokerages recently weighed in on ALTM. Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Macquarie downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Up 1.3 %

The firm has a market capitalization of $6.24 billion, a PE ratio of 21.50 and a beta of 1.45. The firm has a 50-day moving average of $5.42 and a two-hundred day moving average of $4.41.

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.