5N Plus (OTCMKTS:FPLSF) Shares Gap Down – Should You Sell?

5N Plus Inc. (OTCMKTS:FPLSF) shares gapped down before the market opened on Wednesday. The stock had previously closed at $23.3860, but opened at $22.0960. 5N Plus shares last traded at $22.34, with a volume of 1,378 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of 5N Plus in a report on Monday, September 28th. Zacks Research upgraded shares of 5N Plus to a “hold” rating in a research report on Thursday, July 30th. Raymond James Financial raised shares of 5N Plus from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada initiated coverage on 5N Plus in a research report on Tuesday, July 21st. They set a “moderate buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, 5N Plus has an average rating of “Buy”.

5N Plus Trading Down 2.2%

The firm has a market cap of $2.00 billion, a PE ratio of 31.80 and a beta of 1.88. The company has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $24.61. The company has a current ratio of 2.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33.

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

5N Plus Company Profile

5N Plus Inc is a Canada-based manufacturer of specialty semiconductors and high-purity performance materials. The company produces refined metals, compounds and engineered materials used in applications where material purity and specialized characteristics are important.

Its products include compounds and metals based on elements such as selenium, tellurium, gallium, indium, germanium and bismuth. These materials support a range of end markets, including renewable energy, space and satellite systems, medical imaging, thermoelectric devices, optoelectronics and other advanced electronics applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through operations and facilities in North America, Europe and Asia.