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

Key Points

• 5N Plus shares jumped from a $20.9580 close to a $22.2771 opening and last traded at $22.3911, though volume was light at 2,005 shares.
• Analyst sentiment is broadly positive: Scotiabank maintained an “outperform” rating, Raymond James upgraded the stock to “strong buy,” and MarketBeat reports a consensus rating of “Buy.”
• The company beat quarterly expectations, reporting $0.17 EPS versus $0.16 expected and revenue of $122.36 million versus $114.11 million; analysts project $0.64 EPS for the full fiscal year.

Shares of 5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $20.9580, but opened at $22.2771. 5N Plus shares last traded at $22.3911, with a volume of 2,005 shares trading hands.

Wall Street Analyst Weigh In

FPLSF has been the subject of a number of research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of 5N Plus in a report on Monday. Royal Bank Of Canada began coverage on 5N Plus in a research report on Tuesday, July 21st. They set 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, Raymond James Financial upgraded 5N Plus from an "outperform" rating to a "strong-buy" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company 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 31.77 and a beta of 1.86. The business's 50-day moving average price is $20.59 and its 200-day moving average price is $24.57.

5N Plus (OTCMKTS:FPLSF - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $122.36 million during the quarter, compared to analysts' expectations 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 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 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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