In yesterday’s Wall Street session, Arcadium Lithium PLC (NYSE:ALTM) shares traded at $4.40, down -2.65% from the previous session.
ALTM stock price is now -1.86% away from the 50-day moving average and -7.86% away from the 200-day moving average. The market capitalization of the company currently stands at $4.73B.
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With the price target maintained at $9, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Arcadium Lithium PLC (NYSE: ALTM). , while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, Oris de Roa Fernando, Director bought 5,000 shares of the company’s stock on Mar 06 ’24. The stock was bought for $24,450 at an average price of $4.89. Upon completion of the transaction, the Director now directly owns 91,000 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, Director Marcet Pablo bought 14,034 shares of the business’s stock. A total of $66,662 was incurred on buying the stock at an average price of $4.75. This leaves the insider owning 30,876 shares of the company worth $0.14 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Arcadium Lithium PLC has had a low of $3.67 and a high of $7.27. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.41, and a quick ratio of 1.60.
According to the Specialty Chemicals Company, earnings per share came in at 0.34, beating analysts’ expectations of 0.14 by 0.2. This compares to $0.40 EPS in the same period last year. The company reported revenue of $181.8 million for the quarter, compared to $219.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.14 percent. For the current quarter, analysts expect ALTM to generate $284.62M in revenue.
