5N Plus (OTCMKTS:FPLSF) Trading Down 8.9% - Here's Why

Key Points

• 5N Plus shares fell 8.9% to $19.85, with roughly 354 shares traded—99% below the stock’s average session volume.
• Despite the decline, analysts remain broadly positive: the stock has an average “Buy” rating, including one Strong Buy, two Buy ratings, and one Hold rating.
• The company recently exceeded quarterly expectations, reporting $0.17 in EPS versus the $0.16 consensus and revenue of $122.36 million compared with estimates of $114.11 million.

5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report)'s stock price traded down 8.9% during trading on Thursday . The company traded as low as $19.85 and last traded at $19.85. Approximately 354 shares traded hands during trading, a decline of 99% from the average session volume of 50,053 shares. The stock had previously closed at $21.7950.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FPLSF. Royal Bank Of Canada began coverage on shares of 5N Plus in a research note on Tuesday, July 21st. They issued a "moderate buy" rating for the company. Zacks Research raised 5N Plus to a "hold" rating in a research note on Thursday, July 30th. Raymond James Financial upgraded 5N Plus from an "outperform" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, Scotiabank initiated coverage on 5N Plus in a research report on Monday, June 22nd. They set an "outperform" rating for the company. 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 company's stock. According to MarketBeat, 5N Plus presently has an average rating of "Buy".

5N Plus Trading Down 1.5%

The business has a 50 day moving average of $25.65 and a two-hundred day moving average of $24.87. The firm has a market cap of $1.79 billion, a P/E ratio of 28.36 and a beta of 1.89. The company has a current ratio of 2.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55.

5N Plus (OTCMKTS:FPLSF - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $114.11 million. Analysts predict that 5N Plus Inc. will post 0.64 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source