5N Plus (OTCMKTS:FPLSF) Shares Gap Down – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF) shares gapped down prior to trading on Thursday . The stock had previously closed at $32.03, but opened at $30.0156. 5N Plus shares last traded at $30.01, with a volume of 2,300 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank started coverage on 5N Plus in a research report on Monday, June 22nd. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

5N Plus Stock Performance

The stock’s 50-day moving average is $28.62 and its 200-day moving average is $22.31. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 45.38 and a beta of 1.85. The company has a current ratio of 2.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55.

5N Plus (OTCMKTS:FPLSF) last posted its earnings results on Wednesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. 5N Plus had a net margin of 13.99% and a return on equity of 28.72%. The firm had revenue of $117.89 million for the quarter, compared to analysts’ expectations of $104.04 million.

About 5N Plus

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high‐purity metals and compounds for advanced technology markets. The company’s product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five‐nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high‐purity research to a global manufacturing and distribution platform.