Neo Performance Materials (OTCMKTS:NOPMF) Trading Down 7.5% – Here’s Why

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) dropped 7.5% on Tuesday . The stock traded as low as $21.86 and last traded at $21.90. Approximately 6,676 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 22,951 shares. The stock had previously closed at $23.67.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Stock Down 8.0%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The stock has a market capitalization of $872.35 million and a PE ratio of -80.00. The business has a 50 day moving average of $18.24 and a two-hundred day moving average of $15.30.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The firm had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%. Analysts predict that Neo Performance Materials Inc. will post 0.93 EPS for the current year.

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.