Neo Performance Materials (OTCMKTS:NOPMF) Hits New 52-Week High – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares reached a new 52-week high on Monday . The stock traded as high as $21.5513 and last traded at $21.51, with a volume of 25424 shares traded. The stock had previously closed at $21.24.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Price Performance

The company has a 50-day moving average of $17.67 and a 200 day moving average of $14.74. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $906.11 million and a PE ratio of -83.09.

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.