5N Plus (OTCMKTS:FPLSF) Stock Falls 7% - Here's Why

Key Points

• 5N Plus shares fell 7% to $21.17 in thin trading, with only 725 shares changing hands—99% below the average daily volume.
• Despite the decline, analyst sentiment remains positive: the stock has an average “Buy” rating, including a recent upgrade to “Strong Buy” by Raymond James.
• The company exceeded quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $122.36 million against a $114.11 million consensus estimate.

5N Plus Inc. (OTCMKTS:FPLSF - Get Free Report)'s share price fell 7% during mid-day trading on Friday. The company traded as low as $21.17 and last traded at $21.17. 725 shares traded hands during trading, a decline of 99% from the average daily volume of 58,098 shares. The stock had previously closed at $22.76.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Scotiabank reaffirmed an "outperform" rating on shares of 5N Plus in a research note on Monday, September 28th. Royal Bank Of Canada initiated coverage on 5N Plus in a research note on Tuesday, July 21st. They issued a "moderate buy" rating for the company. Zacks Research raised 5N Plus to a "hold" rating in a research note 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy".

5N Plus Stock Performance

The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 30.24 and a beta of 1.88. The stock's fifty day moving average is $20.35 and its 200-day moving average is $24.62. The company has a quick ratio of 0.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.33.

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