Neo Performance Materials (OTCMKTS:NOPMF) Rating Increased to Strong-Buy at Zacks Research

Neo Performance Materials (OTCMKTS:NOPMF) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Neo Performance Materials Stock Up 4.7%

NOPMF stock opened at $29.73 on Thursday. Neo Performance Materials has a 12-month low of $11.00 and a 12-month high of $30.30. 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 $1.37 billion and a price-to-earnings ratio of -114.35. The company has a 50 day moving average of $23.80 and a two-hundred day moving average of $18.50.

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. 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 analyst estimates of $127.33 million. On average, equities analysts anticipate that Neo Performance Materials will post 0.95 earnings per share for the current fiscal 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.