Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $29.53, but opened at $31.2550. Neo Performance Materials shares last traded at $31.00, with a volume of 883 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NOPMF. Zacks Research raised Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Neo Performance Materials Trading Down 3.9%

The firm has a market capitalization of $1.39 billion and a P/E ratio of -116.15. The business’s 50 day moving average is $24.23 and its two-hundred day moving average is $18.81. 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 announced its earnings results 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 negative net margin of 1.98% and a positive return on equity of 8.03%. The firm had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Analysts expect that Neo Performance Materials Inc. will post 1.12 EPS 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.