5N Plus (TSE:VNP) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

5N Plus Inc. (TSE:VNP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.88 and traded as high as C$19.45. 5N Plus shares last traded at C$19.34, with a volume of 252,175 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Raymond James Financial boosted their target price on shares of 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Canaccord Genuity Group set a C$26.00 price objective on 5N Plus and gave the company a “buy” rating in a report on Thursday, January 8th. Ventum Financial lifted their target price on 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. National Bankshares upped their target price on 5N Plus from C$17.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Desjardins raised their price target on shares of 5N Plus from C$17.50 to C$23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$23.50.

5N Plus Trading Up 1.7%

The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The firm has a market cap of C$1.72 billion, a PE ratio of 39.47, a P/E/G ratio of 6,283.33 and a beta of 0.89. The business has a fifty day moving average price of C$19.03 and a 200 day moving average price of C$16.88.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, November 3rd. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$146.06 million during the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. Analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current year.

5N Plus Company Profile

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.