5N Plus (OTCMKTS:FPLSF) Shares Gap Down – Here’s Why

5N Plus Inc. (OTCMKTS:FPLSF)’s share price gapped down before the market opened on Friday. The stock had previously closed at $20.9878, but opened at $19.30. 5N Plus shares last traded at $19.30, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James Financial raised shares of 5N Plus from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Scotiabank reissued an “outperform” rating on shares of 5N Plus in a report on Monday, September 28th. Royal Bank Of Canada began coverage on shares of 5N Plus in a report on Tuesday, July 21st. They set a “moderate buy” rating on the stock. Finally, Zacks Research raised 5N Plus to a “hold” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, 5N Plus has a consensus rating of “Buy”.

5N Plus Stock Down 4.5%

The business has a fifty day moving average price of $20.26 and a two-hundred day moving average price of $24.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 0.93. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 27.57 and a beta of 1.88.

5N Plus (OTCMKTS:FPLSF) last announced its quarterly earnings data 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. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%. The firm had revenue of $122.36 million during the quarter, compared to analysts’ expectations of $114.11 million. On average, equities analysts expect that 5N Plus Inc. will post 0.64 earnings per share for the current year.

About 5N Plus

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.