Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Thursday . The stock had previously closed at $13.25, but opened at $14.00. Neo Performance Materials shares last traded at $13.40, with a volume of 2,449 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Neo Performance Materials currently has an average rating of “Hold”.

Neo Performance Materials Price Performance

The company has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The stock has a market capitalization of $580.32 million and a PE ratio of -82.06.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%. The business had revenue of $122.21 million for the quarter, compared to analyst estimates of $109.50 million.

Neo Performance Materials Company Profile

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.