5N Plus (OTCMKTS:FPLSF) Stock Price Down 7% – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF) shares fell 7% during mid-day trading on Friday. The stock traded as low as $21.17 and last traded at $21.17. 725 shares traded hands during trading, a decline of 99% from the average session volume of 58,098 shares. The stock had previously closed at $22.76.

Analysts Set New Price Targets

Several research analysts have 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. Royal Bank Of Canada initiated coverage on shares of 5N Plus in a research report on Tuesday, July 21st. They issued a “moderate buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of 5N Plus in a research note on Monday, September 28th. Finally, Zacks Research upgraded shares of 5N Plus to a “hold” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

5N Plus Price Performance

The firm has a market capitalization of $1.90 billion, a P/E ratio of 30.24 and a beta of 1.88. 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 business’s 50 day moving average is $20.35 and its 200-day moving average is $24.62.

5N Plus (OTCMKTS:FPLSF) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. 5N Plus had a return on equity of 26.36% and a net margin of 14.14%.The company had revenue of $122.36 million during the quarter, compared to analysts’ expectations of $114.11 million. As a group, sell-side analysts predict 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 semiconductors and high-purity performance materials. The company produces refined metals, compounds and engineered materials used in applications where material purity and specialized characteristics are important.

Its products include compounds and metals based on elements such as selenium, tellurium, gallium, indium, germanium and bismuth. These materials support a range of end markets, including renewable energy, space and satellite systems, medical imaging, thermoelectric devices, optoelectronics and other advanced electronics applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through operations and facilities in North America, Europe and Asia.