Neo Performance Materials (OTCMKTS:NOPMF) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Neo Performance Materials (OTCMKTS:NOPMF) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Separately, BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Neo Performance Materials has an average rating of “Strong Buy”.

Neo Performance Materials Trading Up 4.7%

Shares of NOPMF stock traded up $1.33 during mid-day trading on Thursday, hitting $29.73. The company’s stock had a trading volume of 27,478 shares, compared to its average volume of 126,342. The company’s fifty day simple moving average is $23.80 and its 200-day simple moving average is $18.50. Neo Performance Materials has a 52 week low of $11.00 and a 52 week high of $30.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The company has a market cap of $1.37 billion and a PE ratio of -114.35.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The company had revenue of $154.96 million for the quarter, compared to the consensus estimate of $127.33 million. As a group, equities research analysts expect that Neo Performance Materials 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.