Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 7.5% – Time to Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares traded down 7.5% during trading on Tuesday . The stock traded as low as $21.86 and last traded at $21.90. 6,676 shares changed hands during trading, a decline of 71% from the average session volume of 22,951 shares. The stock had previously closed at $23.67.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Neo Performance Materials currently has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Down 5.2%

The company has a 50-day moving average price of $18.06 and a 200-day moving average price of $15.17. The firm has a market capitalization of $941.55 million and a price-to-earnings ratio of -86.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. The business had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%. As a group, research analysts forecast that Neo Performance Materials Inc. will post 0.93 EPS 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.