Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high on Tuesday . The stock traded as high as $18.3335 and last traded at $18.2650, with a volume of 44682 shares traded. The stock had previously closed at $16.7475.

Analysts Set New Price Targets

Several analysts have commented on the company. BMO Capital Markets initiated coverage on Neo Performance Materials in a report on Friday, February 20th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Neo Performance Materials currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The stock has a market cap of $884 million and a PE ratio of -125.00. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $13.93 and its 200 day moving average is $13.29.

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.