Neo Performance Materials (OTCMKTS:NOPMF) Stock Falls 8.5% – Should You Sell?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) fell 8.5% on Thursday. The company traded as low as $19.60 and last traded at $19.60. Approximately 15,943 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 42,422 shares. The stock had previously closed at $21.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NOPMF shares. Zacks Research downgraded Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. B. Riley Financial assumed coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Finally, Jefferies Financial Group raised shares of Neo Performance Materials to a “strong-buy” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Neo Performance Materials has an average rating of “Buy”.

Neo Performance Materials Stock Down 2.7%

The firm has a market cap of $880.21 million and a price-to-earnings ratio of -1,916.00. The business’s 50 day moving average price is $23.66 and its 200 day moving average price is $22.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 2.06.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 11.52%. The firm had revenue of $205.75 million during the quarter, compared to analysts’ expectations of $169.14 million. During the same period in the previous year, the business posted $0.13 EPS. On average, equities analysts forecast that Neo Performance Materials Inc. will post 1.38 EPS for the current year.

About Neo Performance Materials

Neo Performance Materials Inc is a Canada-based advanced materials company that develops, manufactures and supplies materials used in high-technology and industrial applications. Its products are primarily derived from rare earths and other specialty metals and are sold to manufacturers around the world.

The company operates through businesses focused on magnetic materials, rare earth chemicals and oxides, and rare metals and alloys. Its Magnequench division produces rare-earth magnetic powders and bonded magnets used in motors, sensors, electronics, automotive components and other applications.