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

Key Points

• 5N Plus Inc. shares have surpassed their two hundred day moving average, trading as high as C$15.52 and currently at C$15.02.
• Multiple analysts have raised their price targets for the stock, with Ventum Financial and Desjardins both increasing their targets to C$14.00 and recommending a "buy" rating.
• The company operates in the specialty metals and chemicals sector, focusing on semiconductor compounds and performance materials across North America, Europe, and Asia.

5N Plus Inc. (TSE:VNP - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.81 and traded as high as C$15.52. 5N Plus shares last traded at C$15.02, with a volume of 198,226 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VNP. National Bank Financial upgraded 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. National Bankshares raised their price target on 5N Plus from C$9.00 to C$10.50 and gave the stock an "outperform" rating in a report on Friday, June 6th. Desjardins lifted their target price on shares of 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. Finally, Ventum Financial raised their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$11.75.

5N Plus Price Performance

The company's 50 day moving average is C$12.61 and its 200-day moving average is C$8.88. The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 6,283.33 and a beta of 1.45.

5N Plus Company Profile

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.