5N Plus (TSE:VNP) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$31.80 and traded as high as C$41.50. 5N Plus shares last traded at C$40.46, with a volume of 623,917 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VNP shares. ATB Cormark Capital Markets increased their target price on 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a report on Monday, May 25th. Scotiabank set a C$48.00 price target on shares of 5N Plus and gave the company a “sector outperform” rating in a research note on Monday, June 22nd. National Bank Financial upped their price objective on shares of 5N Plus from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Raymond James Financial raised their price objective on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Desjardins lifted their price objective on shares of 5N Plus from C$43.00 to C$50.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat, 5N Plus currently has a consensus rating of “Buy” and a consensus target price of C$45.50.

5N Plus Price Performance

The stock has a market capitalization of C$3.63 billion, a P/E ratio of 62.05, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.99. The business has a fifty day simple moving average of C$41.00 and a 200 day simple moving average of C$31.86. The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96.

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