Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $18.60, but opened at $20.20. Neo Performance Materials shares last traded at $19.43, with a volume of 1,734 shares.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NOPMF shares. B. Riley Financial assumed coverage on Neo Performance Materials in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Zacks Research cut Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group raised shares of Neo Performance Materials to a “strong-buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Neo Performance Materials Stock Performance

The company’s 50-day simple moving average is $20.27 and its 200 day simple moving average is $21.05. The company has a current ratio of 2.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $850.88 million and a P/E ratio of 123.47.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a return on equity of 13.10% and a net margin of 1.43%. During the same period in the prior year, the company posted $0.13 earnings per share. As a group, sell-side analysts expect that Neo Performance Materials Inc. will post 1.11 EPS for the current fiscal year.

Neo Performance Materials Company Profile

Neo Performance Materials is a Canadian advanced materials company that produces specialized materials used in applications including electric motors, consumer electronics, automotive systems, and industrial equipment. Its business focuses on materials derived from rare earths and other specialty metals. The company operates through three main businesses. Magnequench makes magnetic powders and bonded magnets used in compact, high-performance motors and other devices. Chemicals and Oxides produces rare earth materials, including separated oxides and related products, while Rare Metals supplies specialty metals and compounds for industrial and technology applications.