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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $26.03, but opened at $25.10. Neo Performance Materials shares last traded at $25.9840, with a volume of 2,920 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Neo Performance Materials has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Up 3.2%

The stock has a market cap of $1.19 billion and a price-to-earnings ratio of -100.02. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $22.89 and its 200-day moving average price is $17.98.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 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 company had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. On average, sell-side analysts expect that Neo Performance Materials Inc. will post 0.95 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.