5N Plus (TSE:VNP) Trading Up 7.1% on Analyst Upgrade

5N Plus Inc. (TSE:VNP) shares shot up 7.1% during mid-day trading on Tuesday after National Bankshares raised their price target on the stock from C$0.60 to C$0.65. National Bankshares currently has an outperform rating on the stock. 5N Plus traded as high as C$5.15 and last traded at C$5.12. 146,492 shares traded hands during trading, an increase of 46% from the average session volume of 100,352 shares. The stock had previously closed at C$4.78.

Separately, Raymond James lifted their price target on shares of 5N Plus from C$5.00 to C$6.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 26th.

Insider Buying and Selling at 5N Plus

In other 5N Plus news, Director Jean-Marie Bourassa acquired 60,100 shares of 5N Plus stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of C$4.52 per share, for a total transaction of C$271,561.85. Over the last quarter, insiders have purchased 69,100 shares of company stock valued at $312,032. 4.79% of the stock is currently owned by corporate insiders.

5N Plus Stock Up 7.9 %

The firm has a 50 day simple moving average of C$4.70 and a two-hundred day simple moving average of C$4.00. The stock has a market capitalization of C$458.16 million, a P/E ratio of 22.30, a PEG ratio of 6,283.33 and a beta of 1.64. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 107.81.

5N Plus (TSE:VNP) last posted its earnings results on Tuesday, February 27th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The company had revenue of C$88.59 million during the quarter, compared to the consensus estimate of C$84.15 million. 5N Plus had a return on equity of 12.76% and a net margin of 6.35%. On average, equities research analysts expect that 5N Plus Inc. will post 0.2835821 earnings per share for the current year.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.