5N Plus (TSE:VNP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

5N Plus Inc. (TSE:VNP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.63 and traded as high as C$7.63. 5N Plus shares last traded at C$7.51, with a volume of 56,907 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VNP. Ventum Financial set a C$10.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ventum Cap Mkts upgraded shares of 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, National Bankshares boosted their price target on shares of 5N Plus from C$8.00 to C$8.50 in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$8.60.

5N Plus Stock Performance

The stock’s 50 day simple moving average is C$6.87 and its two-hundred day simple moving average is C$6.63. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51. The company has a market capitalization of C$667.79 million, a P/E ratio of 46.94, a P/E/G ratio of 6,283.33 and a beta of 1.55.

Insider Transactions at 5N Plus

In other news, Director Jean-Marie Bourassa bought 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$6.75 per share, with a total value of C$60,750.00. 4.91% of the stock is currently owned by corporate insiders.

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.