5N Plus (TSE:VNP) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$27.91 and traded as high as C$28.57. 5N Plus shares last traded at C$28.30, with a volume of 712,387 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank Of Canada set a C$41.00 target price on 5N Plus and gave the company a “moderate buy” rating in a research report on Tuesday, July 21st. National Bank Financial cut their price target on 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Desjardins reduced their price target on 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Ventum Financial set a C$44.00 price objective on 5N Plus and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Canaccord Genuity Group set a C$48.00 price objective on 5N Plus and gave the company a “buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, 5N Plus has an average rating of “Buy” and an average price target of C$45.28.

5N Plus Price Performance

The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 45.47. The firm’s fifty day moving average price is C$27.91 and its 200 day moving average price is C$31.77. The stock has a market cap of C$2.55 billion, a PE ratio of 41.01, a P/E/G ratio of 6,283.33 and a beta of 0.59.

5N Plus (TSE:VNP) last posted its earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share for the quarter. The company had revenue of C$173.84 million during the quarter. 5N Plus had a net margin of 14.08% and a return on equity of 29.60%. As a group, equities analysts expect that 5N Plus Inc. will post 0.37 EPS for the current fiscal year.

About 5N Plus

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra-pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.