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

Key Points

• 5N Plus Inc.'s stock price recently exceeded its 200-day moving average of C$8.21, trading as high as C$15.30 with the last recorded price at C$15.10.
• Brokerages have raised their price targets for 5N Plus, with Ventum Financial and Desjardins both increasing their price objective to C$14.00 and maintaining a "buy" rating.
• The company's market capitalization is approximately C$947.88 million, and it has a current ratio of 3.49, indicating a strong liquidity position.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.21 and traded as high as C$15.30. 5N Plus shares last traded at C$15.10, with a volume of 214,570 shares trading hands.

Wall Street Analyst Weigh In

VNP has been the subject of a number of research reports. National Bankshares lifted their price objective on 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research note on Friday, June 6th. Desjardins lifted their price objective on 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Ventum Financial lifted their price objective on 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, National Bank Financial raised 5N Plus to a "strong-buy" rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$11.75.

5N Plus Stock Up 6.4%

The business has a 50-day simple moving average of C$11.47 and a 200-day simple moving average of C$8.41. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. The company has a market cap of C$964.20 million, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.55.

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.