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

Key Points

• Technical breakout: 5N Plus's stock crossed above its 200-day moving average of C$22.48, trading as high as C$34.40 and last at C$33.96 on volume of 496,483 shares.
• Analyst sentiment: The consensus is a "Buy" with an average target price of C$34.58, and several firms recently raised targets (e.g., Raymond James to C$38) while ratings include two Strong Buy and five Buy.
• Valuation and financials: The company has a market cap of C$3.05B and a high PE of 60.64; recent quarterly EPS was C$0.10 with a net margin of 12.89% and ROE of 28.32%, alongside a current ratio of 2.76 and debt-to-equity of 84.42.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$22.48 and traded as high as C$34.40. 5N Plus shares last traded at C$33.96, with a volume of 496,483 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of 5N Plus from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 1st. ATB Cormark Capital Markets cut their price target on shares of 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating for the company in a report on Tuesday, February 3rd. Ventum Financial lifted their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Desjardins lifted their price objective on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. Finally, National Bank Financial lifted their target price on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$34.58.

5N Plus Price Performance

The business's 50-day simple moving average is C$29.34 and its 200-day simple moving average is C$22.48. The stock has a market cap of C$3.05 billion, a PE ratio of 60.64, a PEG ratio of 6,283.33 and a beta of 0.85. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 84.42.

5N Plus (TSE:VNP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of C$134.21 million for the quarter. On average, research analysts expect that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal year.

5N Plus Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.