Neo Performance Materials (OTCMKTS:NOPMF) Shares Down 7.9% – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares traded down 7.9% during trading on Friday . The stock traded as low as $22.7950 and last traded at $22.82. 7,891 shares were traded during mid-day trading, a decline of 66% from the average session volume of 22,891 shares. The stock had previously closed at $24.7720.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Neo Performance Materials presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $945.24 million and a PE ratio of -86.68. The stock’s 50-day moving average is $18.73 and its 200 day moving average is $15.75.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The company had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. As a group, equities analysts predict that Neo Performance Materials Inc. will post 0.93 earnings per share 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.