5N Plus (OTCMKTS:FPLSF) Shares Gap Up - Time to Buy?

Key Points

• 5N Plus shares opened sharply higher, rising from a prior close of $17.72 to $18.7595 before last trading at $18.59 on Friday.
• Analyst sentiment is broadly positive, with one Strong Buy, two Buy ratings and one Hold rating, producing a consensus “Buy” rating.
• The company exceeded quarterly expectations, reporting $0.17 earnings per share versus $0.16 expected and revenue of $122.36 million versus $114.11 million estimated.

Shares of 5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $17.72, but opened at $18.7595. 5N Plus shares last traded at $18.59, with a volume of 3,150 shares changing hands.

Wall Street Analysts Forecast Growth

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

5N Plus Stock Performance

The company's fifty day moving average price is $21.30 and its two-hundred day moving average price is $24.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.93 and a current ratio of 2.28. The firm has a market capitalization of $1.67 billion, a PE ratio of 26.56 and a beta of 1.86.

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

5N Plus Company Profile

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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