5N Plus (TSE:VNP) Reaches New 52-Week High – Still a Buy?

5N Plus Inc. (TSE:VNP) shares hit a new 52-week high during trading on Monday . The company traded as high as C$8.11 and last traded at C$8.11, with a volume of 51397 shares. The stock had previously closed at C$7.93.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VNP shares. Ventum Cap Mkts raised 5N Plus to a “strong-buy” rating in a report on Wednesday, December 11th. National Bankshares lifted their target price on shares of 5N Plus from C$8.00 to C$8.50 in a research note on Tuesday, November 5th. Finally, Ventum Financial set a C$10.00 target price on shares of 5N Plus and gave the stock a “buy” rating in a research note on Thursday, December 12th. Five 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, 5N Plus presently has a consensus rating of “Buy” and an average target price of C$8.60.

5N Plus Price Performance

The stock has a market cap of C$721.14 million, a PE ratio of 50.69, a PEG ratio of 6,283.33 and a beta of 1.55. The company has a 50-day simple moving average of C$6.93 and a 200-day simple moving average of C$6.67. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51.

Insider Buying and Selling

In other news, Director Jean-Marie Bourassa bought 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$6.75 per share, with a total value of C$60,750.00. Insiders own 4.91% of the company’s stock.

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.