Neo Performance Materials (OTCMKTS:NOPMF) Shares Up 11.1% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) rose 11.1% during trading on Thursday . The stock traded as high as $21.5320 and last traded at $21.16. Approximately 26,342 shares were traded during trading, a decline of 9% from the average daily volume of 28,900 shares. The stock had previously closed at $19.04.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a research report on Friday, February 20th. They set an “outperform” rating for the company. Zacks Research upgraded shares of Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 0.0%

The company’s 50 day moving average is $13.93 and its 200 day moving average is $13.29. The company has a market cap of $856.96 million and a PE ratio of -121.18. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

About Neo Performance Materials

Neo Performance Materials Inc is a global supplier of advanced materials, specializing in the production and processing of rare earth and rare metal–based functional materials. Headquartered in Toronto, Canada, the company serves diverse high-tech markets by developing proprietary compounds and alloys that deliver key performance attributes in demanding applications. Its product portfolio includes magnetic powders, rare earth oxides and metals, phosphors, metal alloys, precious metal chemical compounds, and performance catalysts.

Neo Performance Materials operates through distinct business segments focused on Rare Earth & Magnetic Solutions, Advanced Industrial Materials, and Precious Metals & Chemicals.