Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $13.82, but opened at $14.40. Neo Performance Materials shares last traded at $14.15, with a volume of 2,567 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Neo Performance Materials to a “hold” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Neo Performance Materials currently has an average rating of “Hold”.

Neo Performance Materials Price Performance

The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $12.29 and a 200-day moving average of $12.69. The firm has a market capitalization of $590.30 million and a P/E ratio of -83.47.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $122.21 million during the quarter, compared to the consensus estimate of $109.50 million. Neo Performance Materials had a positive return on equity of 3.71% and a negative net margin of 1.30%.

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.