5N Plus (OTCMKTS:FPLSF) Shares Gap Up – Time to Buy?

5N Plus Inc. (OTCMKTS:FPLSF)’s share price gapped up prior to trading on Monday. The stock had previously closed at $21.95, but opened at $24.5950. 5N Plus shares last traded at $24.5950, with a volume of 408 shares traded.

Analysts Set New Price Targets

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

5N Plus Stock Up 4.8%

The firm’s 50 day simple moving average is $20.14 and its 200 day simple moving average is $23.12. The company has a quick ratio of 0.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 38.67 and a beta of 1.94.

5N Plus (OTCMKTS:FPLSF) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $136.39 million for the quarter, compared to analysts’ expectations of $122.77 million. 5N Plus had a return on equity of 26.34% and a net margin of 11.99%. Sell-side analysts anticipate that 5N Plus Inc. will post 0.64 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc is a Canada-based manufacturer of specialty semiconductor materials and high-purity metals. The company produces refined elements, compounds, and engineered materials used in applications that require tightly controlled chemical composition and performance.

Its products include materials based on elements such as indium, gallium, selenium, tellurium, cadmium, bismuth, and germanium. These materials support a range of markets, including thin-film solar power, light-emitting diodes, radiation detection, medical imaging, advanced electronics, and pharmaceutical applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through production and commercial operations in multiple regions.