Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up before the market opened on Monday . The stock had previously closed at $20.00, but opened at $21.31. Neo Performance Materials shares last traded at $19.9793, with a volume of 4,782 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on NOPMF shares. Zacks Research upgraded Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. BMO Capital Markets assumed coverage on Neo Performance Materials in a research note on Friday, February 20th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Neo Performance Materials presently has an average rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The stock has a market cap of $843.32 million and a price-to-earnings ratio of -119.25. The company’s 50-day moving average is $14.28 and its 200-day moving average is $13.40. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

About Neo Performance Materials

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.