Neo Performance Materials (OTCMKTS:NOPMF) Sees Strong Trading Volume – Still a Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw an uptick in trading volume on Thursday . 66,850 shares changed hands during trading, an increase of 134% from the previous session’s volume of 28,581 shares.The stock last traded at $18.27 and had previously closed at $19.93.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a research note on Friday, February 20th. They issued an “outperform” rating for the company. Zacks Research raised Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Down 5.5%

The firm has a 50 day moving average of $14.79 and a 200 day moving average of $13.56. The firm has a market cap of $783.76 million and a PE ratio of -110.83. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

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.