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

Key Points

• 5N Plus shares fell 4.5%, opening at $19.30 versus the prior close of $20.9878, while trading volume was only 100 shares.
• Despite the drop, analysts remain broadly positive: the stock has a consensus “Buy” rating, including one Strong Buy, two Buy ratings and one Hold rating.
• The company recently exceeded quarterly expectations, reporting $0.17 EPS versus a $0.16 estimate and revenue of $122.36 million versus a $114.11 million consensus forecast.

Shares of 5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $20.9878, but opened at $19.30. 5N Plus shares last traded at $19.30, with a volume of 100 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. 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 assumed coverage on shares of 5N Plus in a research report on Tuesday, July 21st. They set a "moderate buy" rating for the company. Scotiabank restated an "outperform" rating on shares of 5N Plus in a report on Monday, September 28th. Finally, Zacks Research upgraded shares of 5N Plus to a "hold" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

5N Plus Stock Down 4.5%

The company has a 50-day moving average of $20.26 and a 200-day moving average of $24.51. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 27.57 and a beta of 1.88. The company has a current ratio of 2.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33.

5N Plus (OTCMKTS:FPLSF - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%. The business had revenue of $122.36 million during the quarter, compared to the consensus estimate of $114.11 million. On average, equities analysts predict that 5N Plus Inc. will post 0.64 earnings per share for the current fiscal year.

5N Plus Company Profile

5N Plus Inc is a Canada-based manufacturer of specialty semiconductors and high-purity performance materials. The company produces refined metals, compounds and engineered materials used in applications where material purity and specialized characteristics are important.

Its products include compounds and metals based on elements such as selenium, tellurium, gallium, indium, germanium and bismuth. These materials support a range of end markets, including renewable energy, space and satellite systems, medical imaging, thermoelectric devices, optoelectronics and other advanced electronics applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through operations and facilities in North America, Europe and Asia.

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