5N Plus (OTCMKTS:FPLSF) Shares Cross Below 50 Day Moving Average - Time to Sell?

Key Points

• 5N Plus shares fell below their 50-day moving average, trading as low as $21.99 versus a 50-day average of $26.19, on volume of 7,455 shares.
• Despite the technical weakness, analysts remain broadly positive: the stock carries an average “Buy” rating, including one Strong Buy, two Buy ratings and one Hold rating.
• The company exceeded quarterly expectations, reporting $0.17 in earnings per share versus $0.16 expected and revenue of $122.36 million versus $114.11 million projected.

Shares of 5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $26.19 and traded as low as $21.99. 5N Plus shares last traded at $21.99, with a volume of 7,455 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank initiated coverage on 5N Plus in a research report on Monday, June 22nd. They set an "outperform" rating on the stock. Royal Bank Of Canada began coverage on 5N Plus in a research report on Tuesday, July 21st. They issued a "moderate buy" rating for the company. Zacks Research raised shares of 5N Plus to a "hold" rating in a report on Thursday, July 30th. Finally, Raymond James Financial upgraded shares of 5N Plus from an "outperform" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, 5N Plus currently has an average rating of "Buy".

5N Plus Price Performance

The stock has a market capitalization of $1.98 billion, a P/E ratio of 31.41 and a beta of 1.89. The company's 50 day simple moving average is $26.19 and its two-hundred day simple moving average is $24.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.69 and a quick ratio of 1.30.

5N Plus (OTCMKTS:FPLSF - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $122.36 million during the quarter, compared to analysts' expectations of $114.11 million. 5N Plus had a return on equity of 27.47% and a net margin of 14.14%. As a group, equities analysts expect that 5N Plus Inc. will post 0.64 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high‐purity metals and compounds for advanced technology markets. The company's product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five‐nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high‐purity research to a global manufacturing and distribution platform.

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