Neo Performance Materials (OTCMKTS:NOPMF) Reaches New 12-Month High – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.94 and last traded at $28.2073, with a volume of 11890 shares. The stock had previously closed at $25.49.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NOPMF. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Neo Performance Materials currently has an average rating of “Strong Buy”.

Neo Performance Materials Stock Down 0.5%

The stock has a market cap of $1.31 billion and a PE ratio of -109.96. 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 50 day moving average price of $25.59 and a two-hundred day moving average price of $20.48.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) 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 analysts’ expectations of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. Analysts expect that Neo Performance Materials Inc. will post 1.48 EPS for the current 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.