Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Should You Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $14.90, but opened at $13.50. Neo Performance Materials shares last traded at $14.80, with a volume of 14,673 shares.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a research report on Friday, February 20th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company has a 50-day simple moving average of $16.15 and a 200-day simple moving average of $14.03. The stock has a market cap of $619.42 million and a PE ratio of -87.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18.

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.