Neo Performance Materials (OTCMKTS:NOPMF) Hits New 1-Year High – Here’s What Happened

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high during trading on Monday . The company traded as high as $21.5513 and last traded at $21.51, with a volume of 25424 shares. The stock had previously closed at $21.24.

Analysts Set New Price Targets

Separately, BMO Capital Markets began coverage on shares of Neo Performance Materials in a report on Friday, February 20th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Neo Performance Materials has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Up 5.1%

The business’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $14.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The firm has a market cap of $978.88 million and a price-to-earnings ratio of -89.77.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The business 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%. Equities analysts expect that Neo Performance Materials Inc. will post 0.69 earnings per share for the current 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.