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

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down prior to trading on Tuesday . The stock had previously closed at $27.11, but opened at $24.59. Neo Performance Materials shares last traded at $24.34, with a volume of 4,295 shares trading hands.

Wall Street Analysts Forecast Growth

NOPMF has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The company has a market capitalization of $1.09 billion and a PE ratio of -91.58. The firm’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $19.97.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. On average, research analysts predict that Neo Performance Materials Inc. will post 1.48 EPS for the current 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.