Neo Performance Materials (OTCMKTS:NOPMF) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Neo Performance Materials (OTCMKTS:NOPMF) announced its quarterly earnings data on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04, Zacks reports. The firm had revenue of $122.21 million during the quarter, compared to the consensus estimate of $109.50 million.

Neo Performance Materials Stock Up 10.3%

OTCMKTS NOPMF traded up $1.19 during midday trading on Friday, hitting $12.69. 41,175 shares of the company traded hands, compared to its average volume of 37,306. Neo Performance Materials has a 52 week low of $4.97 and a 52 week high of $17.35. The company’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $11.38.

Analysts Set New Price Targets

Separately, Zacks Research raised Neo Performance Materials to a “hold” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.