Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up After Analyst Upgrade

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up before the market opened on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $26.69, but opened at $29.75. Neo Performance Materials shares last traded at $30.0485, with a volume of 5,221 shares traded.

Separately, BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Neo Performance Materials Price Performance

The stock’s fifty day moving average price is $23.80 and its 200-day moving average price is $18.50. 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 firm has a market cap of $1.37 billion and a PE ratio of -114.35.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. As a group, equities analysts forecast that Neo Performance Materials Inc. will post 0.95 EPS for the current fiscal 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.