The price of Arcadium Lithium PLC (NYSE:ALTM) shares last traded on Wall Street fell -1.30% to $5.30.
ALTM stock price is now 29.62% away from the 50-day moving average and 31.98% away from the 200-day moving average. The market capitalization of the company currently stands at $5.70B.
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With the price target maintained at $5.85, Scotiabank recently Downgraded its rating from Sector Outperform to Sector Perform for Arcadium Lithium PLC (NYSE: ALTM). On September 03, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $3, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Graves Paul W, Officer bought 383,352 shares of the company’s stock on Nov 11 ’24. The stock was bought for $2,052,578 at an average price of $5.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21 ’24, Director Turner John Stephen Morris bought 5,000 shares of the business’s stock. A total of $16,150 was incurred on buying the stock at an average price of $3.23. This leaves the insider owning 5,000 shares of the company worth $26500.0. A total of 3.88% of the company’s stock is owned by insiders.
During the past 12 months, Arcadium Lithium PLC has had a low of $2.19 and a high of $7.27. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 1.18, and a quick ratio of 0.65. The fifty day moving average price for ALTM is $4.0318 and a two-hundred day moving average price translates $4.01635 for the stock.
The latest earnings results from Arcadium Lithium PLC (NYSE: ALTM) was released for 2024-09-30. The net profit margin was 17.22% and return on equity was 20.46% for ALTM. The company reported revenue of $203.1 million for the quarter, compared to $211.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.93 percent.
