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

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up prior to trading on Monday . The stock had previously closed at $24.0740, but opened at $27.34. Neo Performance Materials shares last traded at $24.4590, with a volume of 3,124 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NOPMF. Zacks Research raised Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Neo Performance Materials currently has a consensus rating of “Strong Buy”.

Neo Performance Materials Stock Down 4.4%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The company’s 50-day moving average price is $26.40 and its 200 day moving average price is $21.46. The stock has a market capitalization of $1.11 billion and a P/E ratio of -2,415.60.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.During the same quarter in the prior year, the business posted $0.13 EPS. As a group, equities analysts expect that Neo Performance Materials Inc. will post 1.4 earnings per share for the current 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.