5N Plus (OTCMKTS:FPLSF) Shares Gap Up – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF) gapped up prior to trading on Friday . The stock had previously closed at $17.44, but opened at $19.39. 5N Plus shares last traded at $19.39, with a volume of 250 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank started coverage on shares of 5N Plus in a report on Monday, June 22nd. They issued an “outperform” rating on the stock. Royal Bank Of Canada initiated coverage on 5N Plus in a research note on Tuesday, July 21st. They set a “moderate buy” rating on the stock. Raymond James Financial upgraded shares of 5N Plus from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded 5N Plus to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

5N Plus Stock Up 11.2%

The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.74 billion, a PE ratio of 27.70 and a beta of 1.86. The company’s fifty day simple moving average is $23.45 and its 200 day simple moving average is $24.80.

5N Plus (OTCMKTS:FPLSF) last announced its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. 5N Plus had a net margin of 14.14% and a return on equity of 26.36%. The business had revenue of $122.36 million during the quarter, compared to the consensus estimate of $114.11 million. Analysts anticipate that 5N Plus Inc. will post 0.64 earnings per share for the current fiscal year.

5N Plus Company Profile

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high?purity metals and compounds for advanced technology markets. The company’s product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five?nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high?purity research to a global manufacturing and distribution platform.