Neo Performance Materials (OTCMKTS:NOPMF) Sees Strong Trading Volume – Here’s What Happened

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMFGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 78,105 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 27,963 shares.The stock last traded at $20.64 and had previously closed at $19.04.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NOPMF. BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a report on Friday, February 20th. They issued an “outperform” rating for the company. Zacks Research raised Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Neo Performance Materials currently has an average rating of “Moderate Buy”.

View Our Latest Analysis on Neo Performance Materials

Neo Performance Materials Stock Up 8.2%

The company has a 50 day moving average of $13.75 and a 200-day moving average of $13.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The company has a market cap of $856.75 million and a P/E ratio of -121.15.

Neo Performance Materials Company Profile

(Get Free Report)

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.

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