Neo Performance Materials (OTCMKTS:NOPMF) Stock Rating Lowered by Zacks Research

Neo Performance Materials (OTCMKTS:NOPMF) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities analysts also recently commented on NOPMF. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Jefferies Financial Group began coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Finally, B Riley initiated coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Down 2.5%

NOPMF stock opened at $22.41 on Tuesday. The firm’s fifty day moving average is $25.96 and its 200 day moving average is $22.22. Neo Performance Materials has a one year low of $11.10 and a one year high of $34.99. The firm has a market cap of $1.03 billion and a PE ratio of -2,240.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $205.75 million for the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. During the same period in the previous year, the business posted $0.13 earnings per share. On average, research analysts forecast that Neo Performance Materials will post 1.4 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.