Neo Performance Materials (OTCMKTS:NOPMF) Sees Large Volume Increase – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw unusually-strong trading volume on Thursday . Approximately 92,265 shares were traded during trading, an increase of 241% from the previous session’s volume of 27,036 shares.The stock last traded at $13.93 and had previously closed at $14.46.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Neo Performance Materials to a “hold” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Neo Performance Materials Stock Down 4.5%

The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $574.29 million and a P/E ratio of -81.21. The company’s 50 day moving average price is $12.74 and its two-hundred day moving average price is $12.88.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its earnings results on Friday, November 14th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $122.21 million during the quarter, compared to analysts’ expectations of $109.50 million. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%.

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.