Neo Performance Materials (OTCMKTS:NOPMF) Hits New 52-Week High – Still a Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high on Tuesday . The company traded as high as $31.01 and last traded at $31.01, with a volume of 1897 shares. The stock had previously closed at $29.73.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The firm has a market cap of $1.45 billion and a P/E ratio of -121.21. The company has a 50-day moving average of $24.02 and a 200 day moving average of $18.67.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. On average, sell-side analysts anticipate that Neo Performance Materials Inc. will post 0.95 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.