Neo Performance Materials (OTCMKTS:NOPMF) Trading 8.1% Higher – Should You Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) traded up 8.1% on Thursday . The stock traded as high as $24.00 and last traded at $24.00. 1,131 shares were traded during trading, a decline of 95% from the average session volume of 23,349 shares. The stock had previously closed at $22.21.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Neo Performance Materials currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Down 0.2%

The company has a 50 day moving average of $17.97 and a 200 day moving average of $15.09. 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 stock has a market capitalization of $991.46 million and a price-to-earnings ratio of -90.92.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%.The firm had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. On average, research analysts predict that Neo Performance Materials Inc. will post 0.8 EPS for the current fiscal 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.