5N Plus (TSE:VNP) Stock Price Up 7.1% Following Analyst Upgrade

5N Plus Inc. (TSE:VNP) shares rose 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. Approximately 146,492 shares traded hands during trading, an increase of 46% from the average daily volume of 100,352 shares. The stock had previously closed at C$4.78.

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

Insider Transactions at 5N Plus

In related news, Director Jean-Marie Bourassa bought 60,100 shares of the company’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of C$4.52 per share, for a total transaction of C$271,561.85. Insiders have acquired 69,100 shares of company stock worth $312,032 in the last ninety days. Company insiders own 4.79% of the company’s stock.

5N Plus Price Performance

The firm has a 50 day moving average price of C$4.71 and a two-hundred day moving average price of C$4.01. The company has a market cap of C$457.27 million, a P/E ratio of 22.39, a P/E/G ratio of 6,283.33 and a beta of 1.64. The company has a debt-to-equity ratio of 107.81, a quick ratio of 1.51 and a current ratio of 2.22.

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

About 5N Plus

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.