Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $13.25, but opened at $14.00. Neo Performance Materials shares last traded at $13.40, with a volume of 2,449 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Neo Performance Materials Stock Down 0.1%

The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $12.07 and a 200-day simple moving average of $12.57. The stock has a market cap of $572.82 million and a P/E ratio of -81.00.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Friday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $122.21 million for the quarter, compared to analyst estimates of $109.50 million. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%.

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.