Neo Performance Materials (OTCMKTS:NOPMF) Trading Up 6.1% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price shot up 6.1% on Wednesday . The stock traded as high as $23.3459 and last traded at $23.3155. Approximately 855 shares changed hands during trading, a decline of 98% from the average session volume of 38,671 shares. The stock had previously closed at $21.97.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Jefferies Financial Group initiated coverage on shares of Neo Performance Materials in a report on Wednesday. They issued a “buy” rating for the company. B Riley assumed coverage on shares of Neo Performance Materials in a research report on Wednesday. They set a “buy” rating for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Neo Performance Materials Stock Performance

The stock has a 50-day moving average of $26.21 and a 200-day moving average of $22.01. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of -2,378.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.The firm had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, analysts anticipate that Neo Performance Materials Inc. will post 1.4 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.