5N Plus (OTCMKTS:FPLSF) Shares Climb 8.5% – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF)’s stock price shot up 8.5% on Friday. The stock traded as high as $23.12 and last traded at $23.12. Approximately 825 shares traded hands during trading, a decline of 99% from the average session volume of 55,922 shares. The stock had previously closed at $21.3168.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FPLSF shares. 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. Raymond James Financial raised shares of 5N Plus from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded 5N Plus to a “hold” rating in a report on Thursday, July 30th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of 5N Plus in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

5N Plus Stock Up 1.9%

The stock’s 50-day moving average price is $20.42 and its 200-day moving average price is $24.58. 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 $2.08 billion, a price-to-earnings ratio of 33.03 and a beta of 1.88.

5N Plus (OTCMKTS:FPLSF) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $122.36 million during the quarter, compared to analysts’ expectations of $114.11 million. 5N Plus had a net margin of 14.14% and a return on equity of 26.36%. On average, sell-side analysts expect that 5N Plus Inc. will post 0.64 earnings per share for the current year.

5N Plus Company Profile

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.