Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $22.7805, but opened at $23.6999. Neo Performance Materials shares last traded at $22.90, with a volume of 738 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Neo Performance Materials to a “strong-buy” rating in a research note on Friday, September 25th. B. Riley Financial started coverage on Neo Performance Materials in a report on Wednesday, September 2nd. They set a “buy” rating on the stock. Zacks Research cut shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Neo Performance Materials Stock Performance

The stock has a market cap of $1.04 billion and a price-to-earnings ratio of -2,253.15. The company’s 50-day simple moving average is $24.37 and its 200-day simple moving average is $22.53. The company has a quick ratio of 1.00, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. Neo Performance Materials had a return on equity of 11.52% and a net margin of 0.26%.During the same quarter in the prior year, the firm earned $0.13 EPS. Analysts predict that Neo Performance Materials Inc. will post 1.38 EPS for the current fiscal year.

About Neo Performance Materials

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.