5N Plus (TSE:VNP) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.65 and traded as high as C$28.20. 5N Plus shares last traded at C$27.09, with a volume of 505,556 shares changing hands.

Analyst Upgrades and Downgrades

VNP has been the subject of a number of research reports. Raymond James Financial lifted their price objective on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Ventum Financial lifted their price target on 5N Plus from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. National Bank Financial increased their price objective on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$26.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets reduced their target price on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, 5N Plus has an average rating of “Buy” and a consensus target price of C$31.25.

5N Plus Stock Down 2.3%

The stock has a market cap of C$2.41 billion, a P/E ratio of 55.29, a PEG ratio of 6,283.33 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The business has a 50-day simple moving average of C$21.00 and a 200-day simple moving average of C$18.65.

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.