The stock of Arcadium Lithium PLC (NYSE:ALTM) last traded at $5.82, down -0.17% from the previous session.
ALTM stock price is now 5.39% away from the 50-day moving average and 34.37% away from the 200-day moving average. The market capitalization of the company currently stands at $6.26B.
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On November 11, 2024, Scotiabank Downgraded its previous ‘Sector Outperform’ rating to ‘Sector Perform’ on the stock keeping its target price maintained at $5.85, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Graves Paul W, Officer bought 234,038 shares of the company’s stock on Feb 24 ’25. The stock was bought for $1,362,101 at an average price of $5.82. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, CFO, VP & Treasurer Antoniazzi Gilberto sold 166,038 shares of the business’s stock. A total of $870,869 was realized by selling the stock at an average price of $5.25. This leaves the insider owning 129,972 shares of the company worth $0.76 million. A total of 4.07% 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 $5.84. 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 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. For the current quarter, analysts expect ALTM to generate $250.96M in revenue.
