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

5N Plus Inc. (OTCMKTS:FPLSF) gapped down prior to trading on Friday. The stock had previously closed at $24.71, but opened at $23.20. 5N Plus shares last traded at $23.2006, with a volume of 1,291 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FPLSF. Raymond James Financial upgraded shares of 5N Plus from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of 5N Plus to a “hold” rating in a report on Thursday, July 30th. Royal Bank Of Canada began coverage on shares of 5N Plus in a research report on Tuesday, July 21st. They issued a “moderate buy” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of 5N Plus in a research note on Monday, September 28th. One research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

5N Plus Price Performance

The stock’s 50 day moving average is $20.83 and its two-hundred day moving average is $23.38. The stock has a market capitalization of $2.13 billion, a PE ratio of 37.05 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 0.93.

5N Plus (OTCMKTS:FPLSF) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. 5N Plus had a net margin of 11.99% and a return on equity of 26.34%. The company had revenue of $136.39 million during the quarter, compared to the consensus estimate of $122.77 million. As a group, sell-side analysts forecast that 5N Plus Inc. will post 0.64 earnings per share for the current fiscal year.

About 5N Plus

5N Plus Inc. is a Canadian producer of specialty semiconductors and performance materials. The company processes and purifies metals and develops compounds and engineered materials used in applications where precise material properties and high purity are important. Its products include specialty metals and chemicals, semiconductor materials and wafers, and solar cells. These materials serve markets such as space and terrestrial solar power, electronics, healthcare, and other industrial applications.