5N Plus (TSE:VNP) Shares Pass Above 200 Day Moving Average of $4.70

Shares of 5N Plus Inc. (TSE:VNP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.70 and traded as high as C$6.28. 5N Plus shares last traded at C$6.28, with a volume of 146,050 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. National Bankshares lifted their target price on 5N Plus from C$0.60 to C$0.65 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Cormark boosted their price objective on 5N Plus from C$5.50 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, June 7th. Desjardins boosted their price objective on 5N Plus from C$6.25 to C$6.75 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Raymond James boosted their price objective on 5N Plus from C$6.00 to C$7.00 in a research note on Wednesday, May 8th.

5N Plus Stock Performance

The firm has a market capitalization of C$560.26 million, a PE ratio of 24.96, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.65. The company has a debt-to-equity ratio of 114.88, a current ratio of 3.21 and a quick ratio of 1.51. The stock has a 50-day moving average price of C$5.59 and a 200-day moving average price of C$4.71.

5N Plus (TSE:VNP) last announced its earnings results on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). 5N Plus had a return on equity of 13.41% and a net margin of 6.53%. The business had revenue of C$87.66 million for the quarter, compared to analysts’ expectations of C$88.32 million. On average, research analysts expect that 5N Plus Inc. will post 0.2529264 EPS for the current fiscal year.

Insider Transactions at 5N Plus

In other news, Director Jean-Marie Bourassa acquired 5,800 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of C$5.18 per share, with a total value of C$30,044.00. In related news, Senior Officer Richard Perron sold 4,200 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$6.08, for a total value of C$25,536.00. Also, Director Jean-Marie Bourassa acquired 5,800 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of C$5.18 per share, with a total value of C$30,044.00. Corporate insiders own 4.82% of the company’s stock.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.