Neo Performance Materials (OTCMKTS:NOPMF) Sees Large Volume Increase – Time to Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw strong trading volume on Wednesday . 78,105 shares were traded during trading, an increase of 179% from the previous session’s volume of 27,963 shares.The stock last traded at $20.64 and had previously closed at $19.04.

Analyst Ratings Changes

A number of analysts have commented on NOPMF shares. BMO Capital Markets started coverage on Neo Performance Materials in a report on Friday, February 20th. They set an “outperform” rating for the company. Zacks Research upgraded Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. 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, the company presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 8.2%

The stock has a 50 day moving average price of $13.75 and a 200 day moving average price of $13.24. 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 company has a market capitalization of $856.75 million and a P/E ratio of -121.15.

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.