Neo Performance Materials (OTCMKTS:NOPMF) Raised to “Strong-Buy” at Jefferies Financial Group

Neo Performance Materials (OTCMKTS:NOPMF) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks reports.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. B. Riley Financial started coverage on Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. Finally, BMO Capital Markets reaffirmed 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, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Neo Performance Materials Trading Down 0.3%

Neo Performance Materials stock opened at $22.94 on Friday. Neo Performance Materials has a 1 year low of $11.10 and a 1 year high of $34.99. The firm’s 50 day moving average price is $24.57 and its 200-day moving average price is $22.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.00. The stock has a market cap of $1.05 billion and a P/E ratio of -2,294.00.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its 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. The firm had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 11.52%. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, equities analysts predict that Neo Performance Materials will post 1.4 earnings per share for the current fiscal year.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.