Neo Performance Materials (OTCMKTS:NOPMF) Sees Unusually-High Trading Volume – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares saw unusually-high trading volume on Monday . Approximately 75,929 shares changed hands during mid-day trading, an increase of 245% from the previous session’s volume of 21,981 shares.The stock last traded at $12.06 and had previously closed at $12.2820.

Wall Street Analyst Weigh In

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

Neo Performance Materials Stock Up 1.2%

The company’s 50-day moving average is $12.00 and its 200 day moving average is $12.45. The stock has a market capitalization of $557.02 million and a PE ratio of -78.76. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $122.21 million for the quarter, compared to the consensus estimate of $109.50 million. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%.

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.