5N Plus (TSE:VNP) Stock Crosses 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 share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VNP. Ventum Financial increased their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Desjardins increased their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, August 1st. National Bankshares increased their price target on shares of 5N Plus from C$9.00 to C$10.50 and gave the stock an "outperform" rating in a report on Friday, June 6th. Cormark upgraded shares of 5N Plus to a "moderate buy" rating in a report on Monday, April 21st. Finally, National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$11.75.

5N Plus Trading Up 1.1%

The company's fifty day moving average is C$11.01 and its two-hundred day moving average is C$8.21. 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$947.88 million, a price-to-earnings ratio of 59.36, a P/E/G 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.

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