Neo Performance Materials (OTCMKTS:NOPMF) Hits New 12-Month High – Here’s Why

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.01 and last traded at $31.01, with a volume of 1897 shares trading hands. The stock had previously closed at $29.73.

Analyst Ratings Changes

Several brokerages have weighed in on NOPMF. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Neo Performance Materials Trading Up 6.7%

The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.45 billion and a P/E ratio of -121.21. The business’s fifty day simple moving average is $24.02 and its 200 day simple moving average is $18.67.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its earnings results 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. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The company had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. As a group, analysts expect that Neo Performance Materials Inc. will post 0.95 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.