Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Here’s What Happened

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down prior to trading on Monday . The stock had previously closed at $24.0280, but opened at $22.5715. Neo Performance Materials shares last traded at $22.46, with a volume of 1,513 shares changing hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment 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 Stock Up 1.7%

The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.04 billion and a PE ratio of -86.90. The stock has a 50-day moving average of $19.68 and a 200-day moving average of $16.23.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results 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. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%.The business had revenue of $154.96 million for the quarter, compared to the consensus estimate of $127.33 million. Sell-side analysts predict that Neo Performance Materials Inc. will post 0.92 earnings per share for the current fiscal 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.