Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $23.6850, but opened at $21.51. Neo Performance Materials shares last traded at $23.70, with a volume of 2,570 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Neo Performance Materials presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Down 0.2%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The company has a market cap of $989.78 million and a PE ratio of -90.77. The firm has a fifty day simple moving average of $17.97 and a 200 day simple moving average of $15.10.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%.The company had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Equities research analysts predict that Neo Performance Materials Inc. will post 0.93 EPS for the current year.

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.