5N Plus (TSE:VNP) Stock Price Down 6.2% – Should You Sell?

5N Plus Inc. (TSE:VNP)’s share price traded down 6.2% during trading on Friday . The stock traded as low as C$42.31 and last traded at C$42.47. 229,337 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 493,127 shares. The stock had previously closed at C$45.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Ventum Financial upped 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. ATB Cormark Capital Markets upped their price objective on 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research report on Monday. Desjardins upped their price objective on 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group upped their price objective on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial upped their price objective on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, 5N Plus presently has an average rating of “Buy” and a consensus price target of C$42.42.

5N Plus Trading Down 8.7%

The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The firm has a market capitalization of C$3.72 billion, a price-to-earnings ratio of 63.60, a P/E/G ratio of 6,283.33 and a beta of 0.98. The company has a 50 day moving average price of C$35.77 and a two-hundred day moving average price of C$27.17.

5N Plus (TSE:VNP) last announced its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The business had revenue of C$163.91 million during the quarter. On average, research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current year.

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. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.