Neo Performance Materials (OTCMKTS:NOPMF) Hits New 1-Year High – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $24.05 and last traded at $24.05, with a volume of 19288 shares traded. The stock had previously closed at $21.4440.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Up 13.1%

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’s fifty day moving average is $18.37 and its 200 day moving average is $15.49. The firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of -93.29.

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