Neo Performance Materials (OTCMKTS:NOPMF) Shares Up 6.1% – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price rose 6.1% during mid-day trading on Wednesday . The stock traded as high as $23.3459 and last traded at $23.3155. Approximately 855 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 38,671 shares. The stock had previously closed at $21.97.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. B Riley assumed coverage on shares of Neo Performance Materials in a report on Wednesday. They issued a “buy” rating on the stock. Jefferies Financial Group started coverage on shares of Neo Performance Materials in a report on Wednesday. They issued a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, Neo Performance Materials has an average rating of “Buy”.

Neo Performance Materials Trading Up 4.2%

The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.05 billion and a price-to-earnings ratio of -2,290.02. The business has a 50 day simple moving average of $26.26 and a 200-day simple moving average of $21.88.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. The business had revenue of $205.75 million for the quarter, compared to analyst estimates of $169.14 million. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities analysts predict that Neo Performance Materials Inc. will post 1.4 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.