Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $28.7365, but opened at $32.00. Neo Performance Materials shares last traded at $29.25, with a volume of 7,954 shares traded.

Wall Street Analysts Forecast Growth

NOPMF has been the subject of several research reports. 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 reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Neo Performance Materials Stock Up 1.5%

The company has a market cap of $1.34 billion and a price-to-earnings ratio of -112.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The firm’s 50-day moving average price is $25.52 and its 200-day moving average price is $20.38.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (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 for the quarter, compared to analysts’ expectations of $127.33 million. Sell-side analysts forecast that Neo Performance Materials Inc. will post 1.48 earnings per share for the current fiscal 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.