5N Plus (TSE:VNP) Shares Cross Below Fifty Day Moving Average of $2.69

Shares of 5N Plus Inc (TSE:VNP) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.69 and traded as low as $2.68. 5N Plus shares last traded at $2.68, with a volume of 3,600 shares trading hands.

A number of research analysts have recently weighed in on VNP shares. National Bank Financial lowered their price target on Stelco from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Cormark cut Source Energy Services from a “buy” rating to a “market perform” rating and reduced their price objective for the company from C$2.00 to C$1.75 in a research report on Friday, May 3rd.

The stock has a market capitalization of $214.73 million and a PE ratio of 23.19. The company has a debt-to-equity ratio of 52.62, a quick ratio of 1.25 and a current ratio of 3.58. The stock’s 50-day simple moving average is C$2.69.

5N Plus (TSE:VNP) last released its quarterly earnings data on Tuesday, April 30th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.07). The company had revenue of C$68.36 million during the quarter, compared to analysts’ expectations of C$72.50 million. As a group, equities analysts expect that 5N Plus Inc will post 0.21 EPS for the current year.

About 5N Plus (TSE:VNP)

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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