Neo Performance Materials (OTCMKTS:NOPMF) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Neo Performance Materials (OTCMKTS:NOPMF) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks reports.

A number of other equities research analysts also recently issued reports on NOPMF. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. B Riley initiated coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They issued a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Neo Performance Materials presently has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

OTCMKTS NOPMF opened at $22.41 on Tuesday. Neo Performance Materials has a 12-month low of $11.10 and a 12-month high of $34.99. The company’s 50 day moving average is $25.96 and its 200-day moving average is $22.22. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.03 billion and a P/E ratio of -2,240.50.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. The company had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. During the same period last year, the business earned $0.13 earnings per share. Sell-side analysts predict that Neo Performance Materials will post 1.4 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.