5N Plus (OTCMKTS:FPLSF) Shares Gap Down - Here's What Happened

Key Points

• 5N Plus shares fell 5.8%, opening at $20.68 versus a prior close of $21.795, with 3,699 shares traded.
• Analyst sentiment remains positive: coverage includes one Strong Buy, two Buy ratings and one Hold, resulting in a consensus “Buy” rating.
• The company exceeded quarterly expectations, reporting EPS of $0.17 versus $0.16 estimated and revenue of $122.36 million versus $114.11 million expected.

Shares of 5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $21.7950, but opened at $20.68. 5N Plus shares last traded at $20.6550, with a volume of 3,699 shares trading hands.

Analyst Ratings Changes

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

5N Plus Stock Down 5.8%

The firm has a 50 day simple moving average of $25.76 and a two-hundred day simple moving average of $24.85. The stock has a market capitalization of $1.85 billion, a P/E ratio of 29.33 and a beta of 1.89. The company has a quick ratio of 1.30, a current ratio of 2.69 and a debt-to-equity ratio of 0.55.

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

5N Plus Company Profile

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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