5N Plus (TSE:VNP) Shares Pass 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 Monday . The stock has a 200-day moving average of C$6.45 and traded as high as C$7.23. 5N Plus shares last traded at C$7.20, with a volume of 37,944 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Ventum Financial set a C$10.00 price objective on 5N Plus and gave the company a “buy” rating in a research note on Thursday, December 12th. Raymond James increased their price objective on 5N Plus from C$7.50 to C$8.50 in a report on Friday, September 6th. Desjardins increased their price target on 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a research note on Tuesday, September 10th. National Bankshares upped their target price on 5N Plus from C$8.00 to C$8.50 in a report on Tuesday, November 5th. Finally, Ventum Cap Mkts raised 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$8.60.

5N Plus Stock Performance

The company’s fifty day moving average price is C$6.73 and its 200 day moving average price is C$6.47. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51. The company has a market cap of C$645.56 million, a PE ratio of 45.38, a P/E/G ratio of 6,283.33 and a beta of 1.55.

Insider Buying and Selling

In other news, Director Jean-Marie Bourassa bought 9,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of C$6.75 per share, with a total value of C$60,750.00. 4.91% of the stock is currently owned by corporate insiders.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.