5N Plus (TSE:VNP) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

5N Plus Inc. (TSE:VNP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$24.64 and traded as high as C$36.38. 5N Plus shares last traded at C$36.05, with a volume of 435,489 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VNP shares. Ventum Financial increased their price objective on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Canaccord Genuity Group upped their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. National Bank Financial increased their target price on shares of 5N Plus from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Desjardins raised their price target on shares of 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, ATB Cormark Capital Markets lowered their price target on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, 5N Plus presently has an average rating of “Buy” and a consensus price target of C$35.42.

5N Plus Price Performance

The stock has a 50 day simple moving average of C$31.84 and a two-hundred day simple moving average of C$24.64. The company has a market cap of C$3.24 billion, a price-to-earnings ratio of 64.38, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51.

5N Plus (TSE:VNP) last issued its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The business had revenue of C$163.91 million during the quarter. On average, equities research analysts predict that 5N Plus Inc. will post 0.3739703 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.