Neo Performance Materials (OTCMKTS:NOPMF) Sees Unusually-High Trading Volume – Here’s Why

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw unusually-high trading volume on Thursday . Approximately 92,265 shares changed hands during mid-day trading, an increase of 241% from the previous session’s volume of 27,036 shares.The stock last traded at $13.93 and had previously closed at $14.46.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Price Performance

The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $12.74 and a two-hundred day moving average price of $12.88. The stock has a market capitalization of $574.29 million and a P/E ratio of -81.21.

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

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.