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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $29.53, but opened at $31.2550. Neo Performance Materials shares last traded at $31.00, with a volume of 883 shares.

Analysts Set New Price Targets

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

Neo Performance Materials Stock Down 3.9%

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’s fifty day simple moving average is $24.23 and its two-hundred day simple moving average is $18.81. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of -116.15.

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. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The company had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. On average, sell-side analysts anticipate that Neo Performance Materials Inc. will post 1.12 EPS for the current 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.