Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Time to Sell?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down prior to trading on Tuesday . The stock had previously closed at $28.30, but opened at $27.03. Neo Performance Materials shares last traded at $27.03, with a volume of 228 shares traded.

Analyst Upgrades and Downgrades

NOPMF has been the subject of several recent research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Neo Performance Materials Trading Down 1.3%

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 has a market capitalization of $1.27 billion and a PE ratio of -106.23. The company has a 50 day moving average of $25.01 and a two-hundred day moving average of $19.52.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Sell-side analysts predict that Neo Performance Materials Inc. will post 1.48 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.