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

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down before the market opened on Monday . The stock had previously closed at $14.90, but opened at $13.50. Neo Performance Materials shares last traded at $14.80, with a volume of 14,673 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets started coverage on Neo Performance Materials in a research note on Friday, February 20th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $14.08. 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 company has a market cap of $668.10 million and a price-to-earnings ratio of -94.47.

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.