Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Monday . The stock had previously closed at $24.0740, but opened at $27.34. Neo Performance Materials shares last traded at $24.4590, with a volume of 3,124 shares traded.

Analysts Set New Price Targets

NOPMF has been the topic of several analyst reports. 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. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Neo Performance Materials has a consensus rating of “Strong Buy”.

Neo Performance Materials Stock Up 1.5%

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 company has a market capitalization of $1.12 billion and a price-to-earnings ratio of -2,428.00. The stock’s fifty day simple moving average is $26.40 and its two-hundred day simple moving average is $21.60.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. The company had revenue of $205.75 million for the quarter, compared to analysts’ expectations of $169.14 million. During the same quarter in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that Neo Performance Materials Inc. will post 1.4 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.