Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Up 2.4% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price was up 2.4% during trading on Thursday . The company traded as high as $12.3080 and last traded at $12.1380. Approximately 11,733 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 23,300 shares. The stock had previously closed at $11.8501.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Neo Performance Materials Trading Down 2.9%

The firm’s 50-day moving average price is $13.07 and its 200-day moving average price is $11.95. The stock has a market capitalization of $490.04 million and a PE ratio of 35.91.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $122.21 million for the quarter, compared to the consensus estimate of $109.50 million.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.