Neo Performance Materials (OTCMKTS:NOPMF) Shares Down 5% – Should You Sell?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) dropped 5% on Thursday. The company traded as low as $21.64 and last traded at $21.64. Approximately 3,378 shares traded hands during trading, a decline of 92% from the average session volume of 42,290 shares. The stock had previously closed at $22.7805.

Analysts Set New Price Targets

NOPMF has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Jefferies Financial Group raised shares of Neo Performance Materials to a “strong-buy” rating in a report on Friday, September 25th. B. Riley Financial assumed coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They issued a “buy” rating for the company. Finally, Zacks Research cut shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 2.06. The business’s fifty day simple moving average is $24.26 and its 200-day simple moving average is $22.55. The firm has a market capitalization of $997.95 million and a PE ratio of -2,172.30.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Neo Performance Materials had a net margin of 0.26% and a return on equity of 11.52%. The firm had revenue of $205.75 million for the quarter, compared to analysts’ expectations of $169.14 million. During the same quarter last year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Neo Performance Materials Inc. will post 1.38 EPS for the current year.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.