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

Key Points

• 5N Plus shares jumped 11.2%, opening at $19.39 versus a prior close of $17.44, though trading volume was very light at 250 shares.
• Analyst sentiment is generally positive: Raymond James upgraded the stock to “strong buy,” while other firms issued “moderate buy,” “outperform,” or “hold” ratings. MarketBeat’s consensus rating is “Buy.”
• The company exceeded quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $122.36 million versus the $114.11 million consensus estimate.

5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $17.44, but opened at $19.39. 5N Plus shares last traded at $19.39, with a volume of 250 shares trading hands.

Analyst Upgrades and Downgrades

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

5N Plus Trading Up 11.2%

The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 27.70 and a beta of 1.86. The business has a fifty day simple moving average of $23.45 and a 200 day simple moving average of $24.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.30 and a current ratio of 2.28.

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 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 company had revenue of $122.36 million during the quarter, compared to the consensus estimate of $114.11 million. As a group, research analysts expect that 5N Plus Inc. will post 0.64 EPS for the current year.

About 5N Plus

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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