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

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down prior to trading on Monday . The stock had previously closed at $26.03, but opened at $25.10. Neo Performance Materials shares last traded at $25.9840, with a volume of 2,920 shares trading hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 7.6%

The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $23.22 and a 200-day simple moving average of $18.19. The stock has a market cap of $1.25 billion and a P/E ratio of -105.06.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The company had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. On average, equities research analysts forecast that Neo Performance Materials Inc. will post 0.95 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.