5N Plus (OTCMKTS:FPLSF) Shares Gap Up – Time to Buy?

5N Plus Inc. (OTCMKTS:FPLSF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.72, but opened at $18.7595. 5N Plus shares last traded at $18.59, with a volume of 3,150 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FPLSF. Zacks Research raised 5N Plus to a “hold” rating in a report on Thursday, July 30th. Raymond James Financial upgraded 5N Plus from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Scotiabank assumed coverage on shares of 5N Plus in a research note on Monday, June 22nd. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada initiated coverage on 5N Plus in a report on Tuesday, July 21st. They issued a “moderate buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

5N Plus Trading Up 2.6%

The company has a market cap of $1.67 billion, a PE ratio of 26.56 and a beta of 1.86. The company has a current ratio of 2.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $24.62.

5N Plus (OTCMKTS:FPLSF) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $122.36 million for the quarter, compared to analyst estimates of $114.11 million. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%. As a group, analysts expect that 5N Plus Inc. will post 0.64 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc is a Canadian specialty materials company that produces high-purity metals, metal compounds and engineered materials for use in technology-driven industries. Its products are designed to meet demanding requirements for purity, consistency and performance in applications such as semiconductors, solar energy, medical imaging, pharmaceuticals and industrial manufacturing.

The company’s product portfolio includes specialty metals and compounds based on elements such as bismuth, gallium, indium, selenium and tellurium, as well as materials used in semiconductor and optoelectronic applications.