Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $25.70, but opened at $23.15. Neo Performance Materials shares last traded at $25.59, with a volume of 5,096 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

The company has a market capitalization of $1.20 billion and a P/E ratio of -100.12. The business has a 50 day moving average of $22.62 and a 200 day moving average of $17.79. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 8.03% and a negative net margin of 1.98%. On average, sell-side analysts predict that Neo Performance Materials Inc. will post 0.92 earnings per share for the current year.

Neo Performance Materials Company Profile

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.