5N Plus (TSE:VNP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$32.08 and traded as low as C$29.37. 5N Plus shares last traded at C$30.65, with a volume of 944,472 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VNP. Ventum Capital lifted their target price on 5N Plus from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Wednesday. Desjardins raised their price target on 5N Plus from C$45.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial upgraded 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price target on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada set a C$41.00 price objective on 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. Finally, Ventum Financial set a C$44.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$45.75.

5N Plus Stock Up 9.4%

The business’s fifty day moving average price is C$28.33 and its two-hundred day moving average price is C$32.15. The company has a debt-to-equity ratio of 42.90, a quick ratio of 1.51 and a current ratio of 2.29. The firm has a market capitalization of C$3.02 billion, a P/E ratio of 53.22, a PEG ratio of 6,283.33 and a beta of 0.30.

5N Plus (TSE:VNP) last released its quarterly earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 11.93% and a return on equity of 25.26%. The business had revenue of C$194.16 million for the quarter. Equities analysts expect that 5N Plus Inc. will post 0.37 earnings per share for the current fiscal year.

About 5N Plus

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.