Neo Performance Materials (OTCMKTS:NOPMF) Hits New 12-Month High – Time to Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high during trading on Tuesday . The company traded as high as $27.42 and last traded at $25.4090, with a volume of 2154 shares. The stock had previously closed at $25.1905.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Trading Down 2.3%

The stock has a fifty day moving average of $23.38 and a two-hundred day moving average of $18.30. The company has a market capitalization of $1.23 billion and a PE ratio of -102.65. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. As a group, sell-side analysts anticipate that Neo Performance Materials Inc. will post 0.95 earnings per share for the current fiscal 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.