Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Wednesday . The stock had previously closed at $21.4440, but opened at $24.76. Neo Performance Materials shares last traded at $23.46, with a volume of 1,190 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company has a market capitalization of $1.02 billion and a price-to-earnings ratio of -93.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The business has a fifty day moving average price of $18.48 and a 200 day moving average price of $15.57.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 7.85% and a negative net margin of 1.98%. On average, research analysts expect 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.