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5N Plus (OTCMKTS:FPLSF) Shares Gap Down - What's Next?

5N Plus logo with Materials background
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Key Points

  • 5N Plus shares fell sharply: The stock opened at $17.9450, down from its prior close of $19.3162, with 2,740 shares traded.
  • Analyst sentiment remains positive: The company has an overall “Buy” rating, including one Strong Buy, two Buy ratings and one Hold rating.
  • Quarterly results exceeded expectations: 5N Plus reported earnings of $0.17 per share versus a $0.16 estimate, while revenue reached $122.36 million compared with the $114.11 million consensus forecast.
  • MarketBeat previews top five stocks to own in October.

5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $19.3162, but opened at $17.9450. 5N Plus shares last traded at $17.9450, with a volume of 2,740 shares changing hands.

Analyst Upgrades and Downgrades

FPLSF has been the subject of several research reports. Scotiabank assumed coverage on shares of 5N Plus in a report on Monday, June 22nd. They issued an "outperform" rating for the company. Raymond James Financial upgraded shares of 5N Plus from an "outperform" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of 5N Plus to a "hold" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada started coverage on 5N Plus in a research report on Tuesday, July 21st. They set a "moderate buy" rating on the stock. One 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Check Out Our Latest Stock Report on 5N Plus

5N Plus Stock Performance

The company has a quick ratio of 0.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.61 billion, a P/E ratio of 25.59 and a beta of 1.86. The business has a fifty day simple moving average of $21.96 and a 200-day simple moving average of $24.70.

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

5N Plus Company Profile

(Get Free Report)

5N Plus Inc is a Canadian specialty materials company that produces high-purity metals, metal compounds and engineered materials for use in technology-driven industries. Its products are designed to meet demanding requirements for purity, consistency and performance in applications such as semiconductors, solar energy, medical imaging, pharmaceuticals and industrial manufacturing.

The company's product portfolio includes specialty metals and compounds based on elements such as bismuth, gallium, indium, selenium and tellurium, as well as materials used in semiconductor and optoelectronic applications.

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