Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $27.42 and last traded at $25.4090, with a volume of 2154 shares. The stock had previously closed at $25.1905.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Up 1.7%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The company has a 50 day moving average of $23.04 and a two-hundred day moving average of $18.08. The stock has a market cap of $1.19 billion and a PE ratio of -99.31.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The company had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. Sell-side analysts anticipate that Neo Performance Materials Inc. will post 0.95 earnings per share for the current fiscal year.

Neo Performance Materials Company Profile

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.