Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $21.14, but opened at $23.49. Neo Performance Materials shares last traded at $23.2174, with a volume of 359 shares.

Analyst Ratings Changes

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 Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Up 4.3%

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 capitalization of $1.10 billion and a price-to-earnings ratio of -92.00. The firm’s 50-day simple moving average is $20.20 and its 200-day simple moving average is $16.53.

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 the consensus estimate of $0.19 by $0.15. The company had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. Sell-side analysts forecast that Neo Performance Materials Inc. will post 0.92 earnings per share 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.