5N Plus (OTCMKTS:FPLSF) Trading 11.7% Higher – Here’s Why

5N Plus Inc. (OTCMKTS:FPLSF)’s share price rose 11.7% during trading on Tuesday . The company traded as high as $21.17 and last traded at $21.17. 1,100 shares were traded during trading, a decline of 98% from the average session volume of 53,024 shares. The stock had previously closed at $18.95.

Wall Street Analysts Forecast Growth

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

5N Plus Trading Up 8.9%

The stock has a market cap of $1.89 billion, a PE ratio of 30.02 and a beta of 1.86. The firm has a 50-day simple moving average of $20.97 and a 200-day simple moving average of $24.57. The company has a quick ratio of 0.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.33.

5N Plus (OTCMKTS:FPLSF) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $122.36 million during 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%. Equities analysts forecast that 5N Plus Inc. will post 0.64 earnings per share for the current 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.