5N Plus (TSE:VNP) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• 5N Plus Inc. (TSE:VNP) has recently surpassed its 200-day moving average, with shares trading at C$16.25 after reaching a high of C$16.79.
• Analysts have raised their price targets for the stock, with a consensus average target price of C$12.83 and a "Buy" rating from most firms.
• The company operates in specialty metals and chemicals, with a current market cap of C$1.45 billion and an impressive quick ratio of 1.51.

5N Plus Inc. (TSE:VNP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.93 and traded as high as C$16.79. 5N Plus shares last traded at C$16.25, with a volume of 183,588 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VNP shares. Ventum Financial upped their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a report on Thursday, July 24th. National Bankshares boosted their price objective on shares of 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research report on Friday, June 6th. National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Desjardins raised their target price on 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat, 5N Plus has an average rating of "Buy" and an average target price of C$12.83.

5N Plus Price Performance

The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The firm's 50-day moving average is C$14.56 and its 200-day moving average is C$9.93. The company has a market cap of C$1.45 billion, a PE ratio of 45.14, a PEG ratio of 6,283.33 and a beta of 1.44.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.

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