5N Plus (TSE:VNP) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• 5N Plus shares crossed above their 50-day moving average, reaching C$28.57 before closing at C$28.30, up 4.8% on trading volume of 712,387 shares.
• Analysts remain bullish: the stock has an average “Buy” rating and a consensus price target of C$45.28, compared with its recent trading level near C$28.30.
• For the latest quarter, 5N Plus reported C$0.31 EPS and C$173.84 million in revenue, alongside a 14.08% net margin and 29.60% return on equity.

5N Plus Inc. (TSE:VNP - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$27.91 and traded as high as C$28.57. 5N Plus shares last traded at C$28.30, with a volume of 712,387 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James Financial raised 5N Plus from a "moderate buy" rating to a "strong-buy" rating and set a C$45.00 price target on the stock in a research report on Wednesday, August 5th. National Bank Financial cut their price target on 5N Plus from C$50.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Ventum Financial set a C$44.00 target price on shares of 5N Plus and gave the stock a "buy" rating in a report on Monday, July 27th. Royal Bank Of Canada set a C$41.00 price target on shares of 5N Plus and gave the company a "moderate buy" rating in a research report on Tuesday, July 21st. Finally, Canaccord Genuity Group set a C$48.00 price objective on shares of 5N Plus and gave the stock a "buy" rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$45.28.

5N Plus Trading Up 4.8%

The firm has a market capitalization of C$2.55 billion, a P/E ratio of 41.01, a P/E/G ratio of 6,283.33 and a beta of 0.59. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 45.47. The stock has a 50 day simple moving average of C$27.91 and a 200-day simple moving average of C$31.77.

5N Plus (TSE:VNP - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 14.08% and a return on equity of 29.60%. The company had revenue of C$173.84 million during the quarter. On average, equities research analysts forecast that 5N Plus Inc. will post 0.37 EPS for the current fiscal year.

5N Plus Company Profile

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company's ultra-pure materials often form the core element of its customers' products. These customers rely on 5N+'s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company's products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.

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