5N Plus (OTCMKTS:FPLSF) Shares Gap Down - Here's What Happened

Key Points

• 5N Plus shares gapped down from a previous close of $19.446 to open at $18.37, with only 112 shares traded.
• Analyst sentiment remains positive overall: the stock has a consensus “Buy” rating, including one Strong Buy, two Buy ratings and one Hold rating.
• The company exceeded quarterly expectations, reporting $0.17 in EPS versus $0.16 expected and revenue of $122.36 million compared with a $114.11 million consensus estimate.

5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $19.4460, but opened at $18.37. 5N Plus shares last traded at $18.37, with a volume of 112 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on FPLSF shares. Raymond James Financial upgraded 5N Plus from an "outperform" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada initiated coverage on 5N Plus in a report on Tuesday, July 21st. They set a "moderate buy" rating for the company. Scotiabank started coverage on shares of 5N Plus in a research report on Monday, June 22nd. They set an "outperform" rating for the company. Finally, Zacks Research upgraded shares of 5N Plus to a "hold" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, 5N Plus presently has a consensus rating of "Buy".

5N Plus Stock Up 0.5%

The stock has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $24.87. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 26.35 and a beta of 1.89. The company has a quick ratio of 1.30, a current ratio of 2.69 and a debt-to-equity ratio of 0.55.

5N Plus (OTCMKTS:FPLSF - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. 5N Plus had a net margin of 14.14% and a return on equity of 27.47%. The business had revenue of $122.36 million for the quarter, compared to the consensus estimate of $114.11 million. As a group, sell-side analysts expect that 5N Plus Inc. will post 0.64 EPS for the current year.

5N Plus Company Profile

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high‐purity metals and compounds for advanced technology markets. The company's product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five‐nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high‐purity research to a global manufacturing and distribution platform.

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