5N Plus (OTCMKTS:FPLSF) Stock Price Up 24.4% – Here’s What Happened

5N Plus Inc. (OTCMKTS:FPLSF)’s stock price rose 24.4% on Wednesday. The company traded as high as $23.9309 and last traded at $23.9309. 100 shares were traded during trading, a decline of 100% from the average session volume of 63,437 shares. The stock had previously closed at $19.24.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank reissued an “outperform” rating on shares of 5N Plus in a research note on Monday, September 28th. Raymond James Financial upgraded 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 set a “moderate buy” rating for the company. Finally, Zacks Research upgraded shares of 5N Plus to a “hold” rating in a 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 given a Hold rating to the stock. According to data from MarketBeat, 5N Plus presently has a consensus rating of “Buy”.

5N Plus Stock Down 2.9%

The firm has a market cap of $2.01 billion, a PE ratio of 34.89 and a beta of 1.94. The firm’s 50 day moving average is $19.93 and its 200-day moving average is $23.00. The company has a quick ratio of 0.93, a current ratio of 2.28 and a debt-to-equity ratio of 0.33.

5N Plus (OTCMKTS:FPLSF) last released its earnings results on Monday, November 2nd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. 5N Plus had a return on equity of 26.34% and a net margin of 11.99%. The firm had revenue of $136.39 million during the quarter, compared to analyst estimates of $122.77 million. As a group, equities research analysts expect 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 Canada-based manufacturer of specialty semiconductor materials and high-purity metals. The company produces refined elements, compounds, and engineered materials used in applications that require tightly controlled chemical composition and performance.

Its products include materials based on elements such as indium, gallium, selenium, tellurium, cadmium, bismuth, and germanium. These materials support a range of markets, including thin-film solar power, light-emitting diodes, radiation detection, medical imaging, advanced electronics, and pharmaceutical applications.

Founded in 2000 and headquartered in Montreal, Quebec, 5N Plus serves customers internationally through production and commercial operations in multiple regions.