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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $24.54, but opened at $25.50. Neo Performance Materials shares last traded at $25.50, with a volume of 270 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The firm has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $17.40. The firm has a market capitalization of $1.17 billion and a PE ratio of -97.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The firm had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. As a group, equities analysts forecast that Neo Performance Materials Inc. will post 0.92 earnings per share 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.