Neo Performance Materials (OTCMKTS:NOPMF) Hits New 1-Year High – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.01 and last traded at $31.01, with a volume of 1897 shares trading hands. The stock had previously closed at $29.73.

Analysts Set New Price Targets

NOPMF has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Monday. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Neo Performance Materials Price Performance

The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $24.40 and its two-hundred day simple moving average is $18.94. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of -115.11.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The company had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. As a group, research analysts expect that Neo Performance Materials Inc. will post 1.12 EPS 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.