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

Key Points

• 5N Plus shares opened sharply lower, falling from a prior close of $23.386 to $22.096 before last trading at $22.34 on relatively light volume.
• Analyst sentiment remains broadly positive: coverage includes one Strong Buy, two Buy ratings and one Hold, resulting in a consensus rating of Buy.
• The company exceeded quarterly expectations, reporting $0.17 in earnings per share 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 stock price gapped down prior to trading on Wednesday. The stock had previously closed at $23.3860, but opened at $22.0960. 5N Plus shares last traded at $22.34, with a volume of 1,378 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FPLSF shares. Royal Bank Of Canada assumed coverage on shares of 5N Plus in a report on Tuesday, July 21st. They set a "moderate buy" rating on the stock. Raymond James Financial raised 5N Plus from an "outperform" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Zacks Research upgraded 5N Plus to a "hold" rating in a report on Thursday, July 30th. Finally, Scotiabank reissued an "outperform" rating on shares of 5N Plus in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

5N Plus Stock Performance

The company has a current ratio of 2.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.00 billion, a PE ratio of 31.80 and a beta of 1.88. The business's 50-day moving average price is $20.38 and its 200-day moving average price is $24.61.

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 the consensus estimate of $0.16 by $0.01. 5N Plus had a net margin of 14.14% and a return on equity of 26.36%. The company had revenue of $122.36 million for the quarter, compared to the consensus estimate of $114.11 million. As a group, equities research analysts expect 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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