Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Wednesday . The stock had previously closed at $21.4440, but opened at $24.76. Neo Performance Materials shares last traded at $23.46, with a volume of 1,190 shares changing hands.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Neo Performance Materials presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 0.6%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The firm has a market capitalization of $1.02 billion and a P/E ratio of -93.83. The stock has a fifty day moving average price of $18.48 and a two-hundred day moving average price of $15.57.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 7.85% and a negative net margin of 1.98%. Research analysts forecast that Neo Performance Materials Inc. will post 0.93 EPS for the current year.

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.