5N Plus (TSE:VNP) Stock Passes Above 200 Day Moving Average – Here’s Why

5N Plus Inc. (TSE:VNP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.88 and traded as high as C$19.86. 5N Plus shares last traded at C$19.78, with a volume of 362,870 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Ventum Financial increased their price objective on 5N Plus from C$19.00 to C$21.50 in a research report on Wednesday, October 29th. Raymond James Financial upped their price target on shares of 5N Plus from C$24.00 to C$26.00 in a research note on Wednesday, November 5th. National Bankshares lifted their price objective on shares of 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. Desjardins boosted their price objective 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. Finally, Cormark upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$22.88.

5N Plus Trading Up 4.7%

The firm’s fifty day simple moving average is C$18.39 and its 200 day simple moving average is C$13.88. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.16. 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 earnings per share for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%.The firm had revenue of C$146.06 million for the quarter. As a group, equities research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal 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.