5N Plus (OTCMKTS:FPLSF) Shares Gap Up Following Strong Earnings

5N Plus Inc. (OTCMKTS:FPLSF) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $19.24, but opened at $20.59. 5N Plus shares last traded at $20.59, with a volume of 202 shares trading hands.

The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. 5N Plus had a net margin of 14.14% and a return on equity of 26.36%. The company had revenue of $136.39 million for the quarter, compared to analysts’ expectations of $122.77 million.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research upgraded 5N Plus to a “hold” rating in a report on Thursday, July 30th. Raymond James Financial raised 5N Plus from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Scotiabank restated an “outperform” rating on shares of 5N Plus in a research note on Monday, September 28th. Finally, Royal Bank Of Canada began coverage on 5N Plus in a research report on Tuesday, July 21st. They set 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 stock has a consensus rating of “Buy”.

5N Plus Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 0.93. The business has a 50 day moving average price of $19.85 and a 200 day moving average price of $22.96. The stock has a market capitalization of $1.85 billion, a PE ratio of 29.41 and a beta of 1.88.

5N Plus Company Profile

5N Plus Inc is a Canada-based manufacturer of specialty semiconductor materials and high-purity metals. The company produces refined elements, compounds, and engineered materials used in applications that require tightly controlled chemical composition and performance.

Its products include materials based on elements such as indium, gallium, selenium, tellurium, cadmium, bismuth, and germanium. These materials support a range of markets, including thin-film solar power, light-emitting diodes, radiation detection, medical imaging, advanced electronics, and pharmaceutical applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through production and commercial operations in multiple regions.