Neo Performance Materials (OTCMKTS:NOPMF) Hits New 12-Month High – Should You Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.94 and last traded at $28.2073, with a volume of 11890 shares traded. The stock had previously closed at $25.49.

Wall Street Analysts Forecast Growth

NOPMF has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Strong Buy”.

Neo Performance Materials Price Performance

The company has a market cap of $1.31 billion and a PE ratio of -109.77. The company has a 50-day moving average price of $25.43 and a two-hundred day moving average price of $20.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The business had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. Sell-side analysts expect that Neo Performance Materials Inc. will post 1.48 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.