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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $27.11, but opened at $24.59. Neo Performance Materials shares last traded at $24.34, with a volume of 4,295 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOPMF. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, Neo Performance Materials currently has an average rating of “Strong Buy”.

Neo Performance Materials Stock Performance

The company has a 50 day moving average of $25.18 and a two-hundred day moving average of $19.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The company has a market capitalization of $1.12 billion and a PE ratio of -94.12.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data 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 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. As a group, equities research analysts predict that Neo Performance Materials Inc. will post 1.48 earnings per share 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.