Neo Performance Materials (OTCMKTS:NOPMF) Trading 7.7% Higher – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price traded up 7.7% on Friday . The company traded as high as $16.7760 and last traded at $16.7760. 15,723 shares were traded during mid-day trading, a decline of 36% from the average session volume of 24,662 shares. The stock had previously closed at $15.58.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. BMO Capital Markets began coverage on Neo Performance Materials in a report on Friday. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Neo Performance Materials currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Up 7.5%

The business’s 50-day moving average price is $13.50 and its 200 day moving average price is $13.16. The company has a market cap of $696.70 million and a P/E ratio of -98.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24.

About Neo Performance Materials

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.