In yesterday’s Wall Street session, Arcadium Lithium PLC (NYSE:ALTM) shares traded at $4.74, down -0.42% from the previous session.
ALTM stock price is now 6.02% away from the 50-day moving average and -0.55% away from the 200-day moving average. The market capitalization of the company currently stands at $5.09B.
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With the price target of $6.25, Argus recently initiated with Buy rating for Arcadium Lithium PLC (NYSE: ALTM). On April 03, 2024, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock keeping its target price maintained at $9, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
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 $0.43 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 $0.15 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.
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.
Arcadium Lithium PLC(ALTM) 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. The company also owns interest in various properties located in Argentina, Canada, and Western Australia. Arcadium Lithium plc was founded in 1944 and is based in Shannon, Ireland.
