5N Plus (TSE:VNP) Shares Break Above Fifty Day Moving Average – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$27.91 and traded as high as C$28.57. 5N Plus shares last traded at C$28.30, with a volume of 712,387 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VNP. Royal Bank Of Canada set a C$41.00 target price on 5N Plus and gave the company a “moderate buy” rating in a research report on Tuesday, July 21st. Raymond James Financial raised shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 target price for the company in a report on Wednesday, August 5th. Canaccord Genuity Group set a C$48.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Desjardins decreased their price target on shares of 5N Plus from C$50.00 to C$45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Ventum Financial set a C$44.00 price objective on shares of 5N Plus and gave the company a “buy” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$45.28.

5N Plus Price Performance

The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 45.47. The company has a market capitalization of C$2.53 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.59. The firm’s 50 day simple moving average is C$27.90 and its 200 day simple moving average is C$31.85.

5N Plus (TSE:VNP) last announced its earnings results on Monday, August 3rd. The company reported C$0.31 earnings per share for the quarter. 5N Plus had a net margin of 14.08% and a return on equity of 29.60%. The business had revenue of C$173.84 million for the quarter. As a group, research analysts anticipate that 5N Plus Inc. will post 0.37 EPS for the current fiscal 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.