Neo Performance Materials (OTCMKTS:NOPMF) Raised to “Strong-Buy” at Zacks Research

Neo Performance Materials (OTCMKTS:NOPMF) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

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

Neo Performance Materials Stock Up 4.7%

NOPMF stock traded up $1.33 during midday trading on Thursday, reaching $29.73. 27,478 shares of the company were exchanged, compared to its average volume of 126,342. 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 has a 1-year low of $11.00 and a 1-year high of $30.30. The stock’s 50-day simple moving average is $23.80 and its 200 day simple moving average is $18.50. The company has a market cap of $1.37 billion and a price-to-earnings ratio of -114.35.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 negative net margin of 1.98% and a positive return on equity of 8.03%. On average, equities analysts forecast that Neo Performance Materials will post 0.95 earnings per share 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.