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

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down before the market opened on Tuesday . The stock had previously closed at $25.70, but opened at $23.15. Neo Performance Materials shares last traded at $25.59, with a volume of 5,096 shares trading hands.

Wall Street Analysts Forecast Growth

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

Neo Performance Materials Stock Performance

The firm’s 50 day moving average is $22.28 and its 200-day moving average is $17.59. 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 stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of -98.77.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Analysts forecast 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.