Neo Performance Materials (OTCMKTS:NOPMF) Hits New 52-Week High – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares reached a new 52-week high on Tuesday . The stock traded as high as $24.05 and last traded at $24.05, with a volume of 19288 shares traded. The stock had previously closed at $21.4440.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Up 13.1%

The company’s fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $15.49. 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 capitalization of $1.02 billion and a price-to-earnings ratio of -93.29.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. The company had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. Research analysts forecast that Neo Performance Materials Inc. will post 0.93 earnings per share for the current fiscal year.

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.