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

5N Plus Inc. (TSE:VNP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.88 and traded as high as C$19.45. 5N Plus shares last traded at C$19.34, with a volume of 252,175 shares changing hands.

Wall Street Analysts Forecast Growth

VNP has been the topic of a number of recent analyst reports. National Bankshares boosted their price target 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. Raymond James Financial boosted their target price on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Desjardins increased their target price on 5N Plus from C$17.50 to C$23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Canaccord Genuity Group set a C$26.00 price target on 5N Plus and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Ventum Financial upped their price objective on 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$23.50.

5N Plus Price Performance

The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. The company’s fifty day simple moving average is C$19.03 and its two-hundred day simple moving average is C$16.88. The stock has a market capitalization of C$1.72 billion, a PE ratio of 39.47, a P/E/G ratio of 6,283.33 and a beta of 0.89.

5N Plus (TSE:VNP) last posted its earnings results on Monday, November 3rd. The company reported C$0.20 earnings per share (EPS) 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, sell-side analysts predict 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.