Neo Performance Materials (OTCMKTS:NOPMF) Posts Earnings Results, Beats Expectations By $0.15 EPS

Neo Performance Materials (OTCMKTS:NOPMF) posted its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.15, Zacks reports. Neo Performance Materials had a negative net margin of 2.09% and a positive return on equity of 5.05%.

Neo Performance Materials Price Performance

Shares of Neo Performance Materials stock traded up $0.03 during trading on Tuesday, hitting $21.63. The stock had a trading volume of 1,727 shares, compared to its average volume of 23,178. The business has a fifty day moving average of $17.71 and a two-hundred day moving average of $14.84. Neo Performance Materials has a fifty-two week low of $6.60 and a fifty-two week high of $23.10. The firm has a market cap of $907.16 million and a P/E ratio of -83.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on Neo Performance Materials in a research note on Friday, February 20th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.