5N Plus (OTCMKTS:FPLSF) Shares Gap Down – What’s Next?

5N Plus Inc. (OTCMKTS:FPLSF) gapped down prior to trading on Friday. The stock had previously closed at $24.71, but opened at $23.20. 5N Plus shares last traded at $23.2006, with a volume of 1,291 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FPLSF shares. Raymond James Financial upgraded 5N Plus from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of 5N Plus to a “hold” rating in a research note on Thursday, July 30th. Scotiabank reiterated an “outperform” rating on shares of 5N Plus in a research note on Monday, September 28th. Finally, Royal Bank Of Canada initiated coverage on shares of 5N Plus in a report on Tuesday, July 21st. They issued a “moderate buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

5N Plus Stock Performance

The company’s 50-day simple moving average is $20.71 and its 200 day simple moving average is $23.34. The company has a current ratio of 2.28, a quick ratio of 0.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.09 billion, a P/E ratio of 36.25 and a beta of 1.94.

5N Plus (OTCMKTS:FPLSF) last announced its earnings results on Monday, November 2nd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $136.39 million for the quarter, compared to the consensus estimate of $122.77 million. 5N Plus had a return on equity of 26.34% and a net margin of 11.99%. As a group, sell-side analysts expect that 5N Plus Inc. will post 0.64 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc. is a Canadian producer of specialty semiconductors and performance materials. The company processes and purifies metals and develops compounds and engineered materials used in applications where precise material properties and high purity are important. Its products include specialty metals and chemicals, semiconductor materials and wafers, and solar cells. These materials serve markets such as space and terrestrial solar power, electronics, healthcare, and other industrial applications.