Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up prior to trading on Monday . The stock had previously closed at $13.81, but opened at $14.95. Neo Performance Materials shares last traded at $14.85, with a volume of 1,857 shares traded.

Wall Street Analyst Weigh In

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

Neo Performance Materials Trading Up 8.0%

The stock has a market capitalization of $648.11 million and a PE ratio of -91.65. The company’s 50 day moving average price is $12.83 and its two-hundred day moving average price is $12.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm 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%.

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.