National Bank Financial Lowers 5N Plus (TSE:VNP) to Sector Perform

National Bank Financial cut shares of 5N Plus (TSE:VNP) from an outperform rating to a sector perform rating in a research note issued to investors on Friday morning, BayStreet.CA reports. National Bank Financial currently has C$5.25 price objective on the stock, up from their prior price objective of C$3.50. National Bank Financial also issued estimates for 5N Plus’ Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.09 EPS and FY2020 earnings at $0.26 EPS.

VNP opened at C$2.00 on Friday. The company’s 50 day simple moving average is C$2.17 and its 200 day simple moving average is C$2.50. The company has a debt-to-equity ratio of 53.13, a quick ratio of 1.44 and a current ratio of 4.16. 5N Plus has a 1 year low of C$1.92 and a 1 year high of C$3.83. The stock has a market capitalization of $170.85 million and a PE ratio of 20.83.

In related news, Senior Officer Paul Tancell bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of C$2.35 per share, with a total value of C$117,500.00. Following the completion of the transaction, the insider now owns 50,000 shares of the company’s stock, valued at C$117,500. Also, Director Arjang Roshan bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was bought at an average cost of C$2.40 per share, for a total transaction of C$96,000.00. Following the completion of the transaction, the director now directly owns 210,200 shares of the company’s stock, valued at approximately C$504,480. Insiders purchased 107,100 shares of company stock worth $251,777 over the last three months.

5N Plus Company Profile

5N Plus Inc produces and sells specialty chemicals and engineered materials in Europe, Asia, the Americas, and internationally. It operates in two segments, Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds, and alloys, which are primarily used in a range of electronic applications covering various end-markets consisting of security, aerospace, sensing and imaging, renewable energy, and technical materials; and provides recycling services.

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