In yesterday’s Wall Street session, Arcadium Lithium PLC (NYSE:ALTM) shares traded at $5.11, down -0.97% from the previous session.
ALTM stock price is now 4.90% away from the 50-day moving average and 25.94% away from the 200-day moving average. The market capitalization of the company currently stands at $5.50B.
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, Antoniazzi Gilberto, CFO, VP & Treasurer sold 166,038 shares of the company’s stock on Nov 14 ’24. The stock was sold for $870,869 at an average price of $5.25. Upon completion of the transaction, the CFO, VP & Treasurer now directly owns 129,972 shares in the company, valued at $0.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Chief Operations Officer Fochtman Barbara A sold 51,748 shares of the business’s stock. A total of $272,210 was realized by selling the stock at an average price of $5.26. This leaves the insider owning 133,627 shares of the company worth $0.68 million. A total of 3.97% 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 $4.8192 and a two-hundred day moving average price translates $4.05655 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.
