Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Monday . The stock had previously closed at $13.81, but opened at $14.95. Neo Performance Materials shares last traded at $14.85, with a volume of 1,857 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Neo Performance Materials currently has a consensus rating of “Hold”.

Neo Performance Materials Price Performance

The stock has a market capitalization of $663.94 million and a PE ratio of -93.88. The business’s 50-day moving average price is $12.96 and its 200 day moving average price is $12.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. Neo Performance Materials had a positive return on equity of 3.71% and a negative net margin of 1.30%.The company had revenue of $122.21 million during the quarter, compared to analyst estimates of $109.50 million.

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.