5N Plus (TSE:VNP) Shares Down 6.2% – Should You Sell?

5N Plus Inc. (TSE:VNP)’s stock price traded down 6.2% during trading on Friday . The stock traded as low as C$42.31 and last traded at C$42.47. 229,337 shares traded hands during trading, a decline of 53% from the average session volume of 493,127 shares. The stock had previously closed at C$45.27.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. ATB Cormark Capital Markets lifted their price target on shares of 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research note on Monday, May 25th. Ventum Financial lifted their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial lifted their price target on shares of 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group lifted their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Desjardins lifted their price objective on shares of 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$42.42.

5N Plus Trading Down 5.6%

The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. The company has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 65.75, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The business’s 50 day simple moving average is C$36.02 and its 200 day simple moving average is C$27.28.

5N Plus (TSE:VNP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$163.91 million for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. Research analysts anticipate that 5N Plus Inc. will post 0.3739703 EPS 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.