5N Plus (TSE:VNP) Shares Pass Above 200 Day Moving Average – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.47 and traded as high as C$18.63. 5N Plus shares last traded at C$18.31, with a volume of 192,982 shares traded.

Wall Street Analyst Weigh In

VNP has been the topic of several recent analyst reports. Desjardins raised their price objective on 5N Plus from C$17.50 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Ventum Financial increased their target price on shares of 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. Cormark upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, September 25th. National Bankshares upped their price objective on shares of 5N Plus from C$17.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial increased their price objective on shares of 5N Plus from C$24.00 to C$26.00 in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$22.88.

5N Plus Stock Up 1.4%

The stock’s 50-day moving average price is C$19.26 and its two-hundred day moving average price is C$15.51. The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The stock has a market capitalization of C$1.63 billion, a P/E ratio of 37.37, a P/E/G ratio of 6,283.33 and a beta of 0.97.

5N Plus (TSE:VNP) last posted its quarterly earnings data on Monday, November 3rd. The company reported C$0.20 EPS for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%.The business had revenue of C$146.06 million for the quarter. As a group, research analysts expect that 5N Plus Inc. will post 0.3739703 earnings per share for the current fiscal year.

5N Plus Company Profile

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.