5N Plus (TSE:VNP) Shares Pass Above 200 Day Moving Average – What’s Next?

5N Plus Inc. (TSE:VNP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.47 and traded as high as C$18.63. 5N Plus shares last traded at C$18.31, with a volume of 192,982 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VNP shares. Cormark upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Raymond James Financial raised their target price on 5N Plus from C$24.00 to C$26.00 in a report on Wednesday, November 5th. Desjardins increased their target price on shares of 5N Plus from C$17.50 to C$23.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Ventum Financial increased their price objective on shares of 5N Plus from C$19.00 to C$21.50 in a research note on Wednesday, October 29th. Finally, National Bankshares boosted their price target on 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$22.88.

5N Plus Stock Up 1.4%

The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The firm has a market capitalization of C$1.63 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.97. The firm has a 50-day moving average of C$19.26 and a two-hundred day moving average of C$15.47.

5N Plus (TSE:VNP) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.20 EPS for the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. The firm had revenue of C$146.06 million for the quarter. On average, equities research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current year.

5N Plus Company Profile

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.