5N Plus (TSE:VNP) Hits New 52-Week High – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$19.60 and last traded at C$17.98, with a volume of 128688 shares trading hands. The stock had previously closed at C$17.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNP. National Bankshares upped their price target on 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Cormark upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Ventum Financial raised their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Desjardins lifted their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$16.33.

5N Plus Stock Performance

The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. The company has a market capitalization of C$1.61 billion, a PE ratio of 50.17, a PEG ratio of 6,283.33 and a beta of 1.46. The company has a 50 day moving average price of C$15.88 and a 200 day moving average price of C$11.03.

About 5N Plus

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.