5N Plus (TSE:VNP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

5N Plus Inc. (TSE:VNP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.34 and traded as high as C$34.33. 5N Plus shares last traded at C$33.57, with a volume of 289,108 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. ATB Cormark Capital Markets cut their target price on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a report on Tuesday, February 3rd. Ventum Financial raised their price objective on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial upped their target price on 5N Plus from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Canaccord Genuity Group increased their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, National Bank Financial boosted their price target on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$34.58.

5N Plus Price Performance

The company has a debt-to-equity ratio of 84.42, a quick ratio of 1.51 and a current ratio of 2.76. The business has a 50 day moving average price of C$30.55 and a 200-day moving average price of C$23.38. The company has a market capitalization of C$3.02 billion, a price-to-earnings ratio of 59.95, a P/E/G ratio of 6,283.33 and a beta of 0.85.

5N Plus (TSE:VNP) last issued its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$134.21 million during the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%. Research analysts predict that 5N Plus Inc. will post 0.3739703 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.