5N Plus (OTCMKTS:FPLSF) Stock Falls 8.2% – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF) shares fell 8.2% during trading on Thursday. The company traded as low as $19.8192 and last traded at $19.8192. 1,635 shares changed hands during trading, a decline of 97% from the average session volume of 59,657 shares. The stock had previously closed at $21.59.

Analysts Set New Price Targets

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

5N Plus Stock Performance

The company has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $24.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.93 and a current ratio of 2.28. The firm has a market capitalization of $1.73 billion, a P/E ratio of 27.56 and a beta of 1.88.

5N Plus (OTCMKTS:FPLSF) last posted its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $122.36 million for the quarter, compared to the consensus estimate of $114.11 million. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%. As a group, equities analysts forecast that 5N Plus Inc. will post 0.64 EPS for the current year.

About 5N Plus

5N Plus Inc is a Canada-based manufacturer of specialty semiconductors and high-purity performance materials. The company produces refined metals, compounds and engineered materials used in applications where material purity and specialized characteristics are important.

Its products include compounds and metals based on elements such as selenium, tellurium, gallium, indium, germanium and bismuth. These materials support a range of end markets, including renewable energy, space and satellite systems, medical imaging, thermoelectric devices, optoelectronics and other advanced electronics applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through operations and facilities in North America, Europe and Asia.