5N Plus (TSE:VNP) Trading Down 5.8% – What’s Next?

5N Plus Inc. (TSE:VNP) fell 5.8% on Monday . The company traded as low as C$30.78 and last traded at C$31.13. 133,385 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 504,903 shares. The stock had previously closed at C$33.05.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. ATB Cormark Capital Markets cut their price target on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a report on Tuesday, February 3rd. Ventum Financial increased their target price on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Desjardins lifted their price target on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Canaccord Genuity Group raised their price objective on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial upped their target price on 5N Plus from C$29.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$34.08.

5N Plus Price Performance

The company has a debt-to-equity ratio of 84.42, a quick ratio of 1.51 and a current ratio of 2.76. The business has a 50 day moving average price of C$27.35 and a 200-day moving average price of C$21.60. The company has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 6,283.33 and a beta of 0.87.

5N Plus (TSE:VNP) last released its earnings results on Tuesday, February 24th. The company reported C$0.10 EPS for the quarter. The business had revenue of C$134.21 million during the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%. Research analysts predict 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. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.