Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down prior to trading on Friday . The stock had previously closed at $24.73, but opened at $23.97. Neo Performance Materials shares last traded at $25.21, with a volume of 1,880 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NOPMF. Zacks Research raised Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Neo Performance Materials Stock Performance

The business has a fifty day simple moving average of $26.37 and a two-hundred day simple moving average of $21.38. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.14 billion and a P/E ratio of -2,481.69.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.The business had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. During the same period in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that Neo Performance Materials Inc. will post 1.4 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.