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

Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up prior to trading on Thursday . The stock had previously closed at $28.7365, but opened at $32.00. Neo Performance Materials shares last traded at $29.25, with a volume of 7,954 shares.

Analysts Set New Price Targets

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

Neo Performance Materials Trading Up 5.1%

The stock’s 50-day moving average price is $25.74 and its 200 day moving average price is $20.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The firm has a market capitalization of $1.38 billion and a PE ratio of -115.62.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. The company had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. On average, sell-side analysts expect that Neo Performance Materials Inc. will post 1.48 EPS for the current fiscal year.

Neo Performance Materials Company Profile

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.