5N Plus (TSE:VNP) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• 5N Plus Inc. shares have surpassed their 200-day moving average, trading as high as C$15.80, with a last traded price of C$15.55.
• Analysts are optimistic about the stock, with several upgrades, including a "strong-buy" rating from National Bank Financial and price targets increased to C$14.00 from C$11.00.
• 5N Plus has a market capitalization of C$976.13 million and operates in the specialty metals and chemicals sector, catering to North America, Europe, and Asia.

5N Plus Inc. (TSE:VNP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.93 and traded as high as C$15.80. 5N Plus shares last traded at C$15.55, with a volume of 1,627,424 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on VNP. National Bankshares upped their target price on 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research report on Friday, June 6th. Desjardins upped their price target on 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 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 company a "buy" rating in a research note on Thursday, July 24th. Finally, Cormark raised shares of 5N Plus to a "moderate buy" rating in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$11.75.

5N Plus Stock Up 1.7%

The firm has a 50 day moving average price of C$10.48 and a 200-day moving average price of C$8.02. 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 cap of C$964.83 million, a PE ratio of 60.43, a PEG 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.