Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up prior to trading on Thursday . The stock had previously closed at $14.39, but opened at $15.6750. Neo Performance Materials shares last traded at $15.5015, with a volume of 946 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on shares of Neo Performance Materials in a report on Friday, February 20th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 1.8%

The stock has a market cap of $665.60 million and a P/E ratio of -94.12. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $16.57 and its 200 day moving average is $14.32.

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.