Neo Performance Materials (OTCMKTS:NOPMF) Shares Up 8.1% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price was up 8.1% during mid-day trading on Thursday . The company traded as high as $24.00 and last traded at $24.00. Approximately 1,131 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 23,349 shares. The stock had previously closed at $22.21.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

The company has a market capitalization of $1.00 billion and a PE ratio of -91.77. The firm has a 50-day moving average of $17.82 and a two-hundred day moving average of $14.96. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%.The firm had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Research analysts anticipate that Neo Performance Materials Inc. will post 0.69 EPS 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.