5N Plus (TSE:VNP) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

5N Plus Inc. (TSE:VNP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.45 and traded as high as C$20.91. 5N Plus shares last traded at C$20.68, with a volume of 308,802 shares changing hands.

Wall Street Analysts Forecast Growth

VNP has been the subject of a number of research analyst reports. Canaccord Genuity Group set a C$26.00 target price on 5N Plus and gave the stock a “buy” rating in a research note on Thursday, January 8th. National Bankshares raised their price objective on 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Ventum Financial lifted their target price on 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. Desjardins increased their price target on shares of 5N Plus from C$17.50 to C$23.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Cormark raised shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, 5N Plus has a consensus rating of “Buy” and an average price target of C$23.50.

5N Plus Price Performance

The firm has a market cap of C$1.84 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89. The stock has a 50 day simple moving average of C$19.13 and a two-hundred day simple moving average of C$16.45. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49.

5N Plus (TSE:VNP) last issued its earnings results on Monday, November 3rd. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$146.06 million for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. Sell-side analysts expect that 5N Plus Inc. will post 0.3739703 earnings per share for the current year.

About 5N Plus

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.