Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.42 and last traded at $25.4090, with a volume of 2154 shares changing hands. The stock had previously closed at $25.1905.

Analysts Set New Price Targets

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

Neo Performance Materials Trading Up 1.7%

The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $23.04 and a two-hundred day moving average price of $18.08. The firm has a market capitalization of $1.19 billion and a price-to-earnings ratio of -99.31.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The firm had revenue of $154.96 million for the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. As a group, research analysts forecast that Neo Performance Materials Inc. will post 0.95 earnings per share for the current fiscal 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.