5N Plus (TSE:VNP) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• 5N Plus passed above its 200‑day moving average, trading as high as C$32.63 and last at C$32.11 on volume of 180,569 shares versus a 200‑day MA of C$24.19.
• Analysts have raised targets and issued mostly positive ratings — MarketBeat shows a consensus "Buy" with an average price target of C$35.42 (including upgrades from Ventum, Desjardins, Raymond James and National Bank).
• The company has a C$2.89 billion market cap with a high P/E of 57.34 and elevated debt-to-equity (84.42), but reported solid profitability (net margin 12.89%, ROE 28.32%) on quarterly revenue of C$134.21 million and EPS of C$0.10.

5N Plus Inc. (TSE:VNP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$24.19 and traded as high as C$32.63. 5N Plus shares last traded at C$32.11, with a volume of 180,569 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VNP shares. Ventum Financial raised their price target on 5N Plus from C$30.00 to C$35.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Desjardins boosted their price target on 5N Plus from C$24.50 to C$30.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Raymond James Financial increased their price objective on 5N Plus from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Wednesday, April 1st. ATB Cormark Capital Markets cut their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating on the stock in a research report on Tuesday, February 3rd. Finally, National Bank Financial lifted their target price on shares of 5N Plus from C$33.00 to C$38.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, 5N Plus has a consensus rating of "Buy" and an average price target of C$35.42.

5N Plus Trading Down 2.6%

The company has a debt-to-equity ratio of 84.42, a quick ratio of 1.51 and a current ratio of 2.76. The company's 50 day moving average is C$31.39 and its 200 day moving average is C$24.19. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 6,283.33 and a beta of 0.85.

5N Plus (TSE:VNP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. The company had revenue of C$134.21 million for the quarter. On average, research analysts forecast that 5N Plus Inc. will post 0.3739703 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.

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