5N Plus (TSE:VNP) Shares Pass Above 200-Day Moving Average of $4.70

Shares of 5N Plus Inc. (TSE:VNP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.70 and traded as high as C$6.28. 5N Plus shares last traded at C$6.28, with a volume of 146,050 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on VNP. National Bankshares increased their price objective on shares of 5N Plus from C$0.60 to C$0.65 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Cormark raised their price target on shares of 5N Plus from C$5.50 to C$7.50 and gave the company a “buy” rating in a research note on Friday, June 7th. Desjardins increased their target price on 5N Plus from C$6.25 to C$6.75 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Raymond James lifted their target price on 5N Plus from C$6.00 to C$7.00 in a report on Wednesday, May 8th.

5N Plus Stock Performance

The company has a current ratio of 3.21, a quick ratio of 1.51 and a debt-to-equity ratio of 114.88. The company’s 50-day moving average is C$5.56 and its two-hundred day moving average is C$4.70. The firm has a market cap of C$557.60 million, a P/E ratio of 25.12, a PEG ratio of 6,283.33 and a beta of 1.65.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The company had revenue of C$87.66 million for the quarter, compared to the consensus estimate of C$88.32 million. 5N Plus had a net margin of 6.53% and a return on equity of 13.41%. As a group, equities analysts predict that 5N Plus Inc. will post 0.2529264 EPS for the current fiscal year.

Insider Activity

In other news, Director Jean-Marie Bourassa purchased 5,800 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of C$5.18 per share, for a total transaction of C$30,044.00. In related news, Director Luc Bertrand bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of C$6.01 per share, for a total transaction of C$30,045.00. Also, Director Jean-Marie Bourassa bought 5,800 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of C$5.18 per share, with a total value of C$30,044.00. Insiders own 4.82% of the company’s stock.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.