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

Key Points

• The stock price of 5N Plus Inc. (TSE:VNP) surpassed its 200-day moving average, indicating a potential bullish trend, with shares trading at C$15.32.
• Analyst ratings have improved, with Desjardins and Ventum Financial both raising their price targets to C$14.00, and the stock currently holds an average price target of C$12.83.
• 5N Plus's market capitalization stands at C$1.36 billion, with a P/E ratio of 42.56, reflecting a solid valuation despite a recent stock decline of 2.7%.

5N Plus Inc. (TSE:VNP - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.13 and traded as high as C$15.83. 5N Plus shares last traded at C$15.32, with a volume of 173,183 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on VNP shares. National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a report on Thursday, June 12th. Ventum Financial boosted 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 report on Thursday, July 24th. National Bankshares boosted 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. Finally, Desjardins boosted 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 report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$12.83.

5N Plus Stock Performance

The firm's 50-day moving average is C$13.47 and its 200 day moving average is C$9.32. The stock has a market cap of C$1.34 billion, a PE ratio of 41.78, a P/E/G ratio of 6,283.33 and a beta of 1.44. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49.

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.