Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $28.7365, but opened at $32.00. Neo Performance Materials shares last traded at $29.25, with a volume of 7,954 shares trading hands.

Wall Street Analyst Weigh In

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

Neo Performance Materials Trading Up 1.5%

The business has a 50 day moving average of $25.52 and a 200-day moving average of $20.38. The stock has a market cap of $1.34 billion and a PE ratio of -112.19. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.15. The business had revenue of $154.96 million for the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. On average, analysts anticipate that Neo Performance Materials Inc. will post 1.48 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.