Albemarle Corporation (ALB, Financial), a leading player in the lithium production industry, experienced a significant stock price increase of 5.03%. The stock is currently trading at $90.88 per share with a trading volume of 1.606 million shares and a turnover rate of 1.37%. The stock's amplitude reached 5.93%.
Recent financial reports show Albemarle's revenue at $1.355 billion, with a net loss of $1.069 billion. The earnings per share stand at -$9.45, and the gross profit is -$104 million, resulting in a price-to-earnings ratio of -5.42. Among 27 institutions rating the stock, 37% recommend buying, 52% suggest holding, and 11% advise selling.
In the chemical products sector, where Albemarle operates, the overall increase is 0.77%. Notable performers in this sector include Ingevity Corporation and Flexible Solutions International Inc. Active stocks in terms of turnover include Crown Electrokinetics Corp. with 76.14%, Zhongbei Energy with 8.02%, and Gevo, Inc. with 2.48%. Stocks with significant amplitude include Crown Electrokinetics Corp. at 25.12%, WD-40 Company at 10.80%, and 5E Advanced Materials, Inc. at 10.60%.
Albemarle is a fully integrated lithium producer, with resources in Chile, the U.S., and Australia. The company operates lithium refineries in these countries and China. Additionally, Albemarle is a global leader in the bromine industry and a major producer of oil refining catalysts.
