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

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up before the market opened on Friday. The stock had previously closed at $17.89, but opened at $18.6990. Neo Performance Materials shares last traded at $18.6990, with a volume of 447 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on NOPMF shares. B. Riley Financial initiated coverage on shares of Neo Performance Materials in a report on Wednesday, September 2nd. They issued a “buy” rating for the company. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research downgraded shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Jefferies Financial Group raised shares of Neo Performance Materials to a “strong-buy” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Neo Performance Materials Stock Performance

The stock has a market cap of $857.42 million and a P/E ratio of -1,866.40. The company has a fifty day moving average price of $23.04 and a 200 day moving average price of $22.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.00.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. Neo Performance Materials had a return on equity of 11.52% and a net margin of 0.26%. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities analysts expect that Neo Performance Materials Inc. will post 1.38 EPS for the current year.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a Canada-based advanced materials company that develops, manufactures and supplies materials used in high-technology and industrial applications. Its products are primarily derived from rare earths and other specialty metals and are sold to manufacturers around the world.

The company operates through businesses focused on magnetic materials, rare earth chemicals and oxides, and rare metals and alloys. Its Magnequench division produces rare-earth magnetic powders and bonded magnets used in motors, sensors, electronics, automotive components and other applications.