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

5N Plus Inc. (OTCMKTS:FPLSF) gapped down prior to trading on Wednesday. The stock had previously closed at $23.3860, but opened at $22.0960. 5N Plus shares last traded at $22.34, with a volume of 1,378 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on FPLSF shares. Scotiabank reiterated an “outperform” rating on shares of 5N Plus in a research report on Monday, September 28th. Royal Bank Of Canada began coverage on shares of 5N Plus in a research note on Tuesday, July 21st. They set a “moderate buy” rating 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. Finally, Zacks Research upgraded shares of 5N Plus to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, 5N Plus currently has a consensus rating of “Buy”.

5N Plus Price Performance

The stock has a 50 day simple moving average of $20.35 and a two-hundred day simple moving average of $24.62. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 31.56 and a beta of 1.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 0.93.

5N Plus (OTCMKTS:FPLSF) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%.The business had revenue of $122.36 million during the quarter, compared to the consensus estimate of $114.11 million. On average, equities research analysts predict that 5N Plus Inc. will post 0.64 earnings per share for the current fiscal year.

5N Plus Company Profile

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.