Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 12.8% – Should You Sell?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) dropped 12.8% during trading on Thursday . The stock traded as low as $13.27 and last traded at $15.18. Approximately 16,884 shares were traded during trading, a decline of 40% from the average daily volume of 28,051 shares. The stock had previously closed at $17.4180.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on shares of Neo Performance Materials in a research report on Friday, February 20th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Neo Performance Materials currently has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

The firm has a market cap of $638.62 million and a price-to-earnings ratio of -90.30. The stock’s fifty day moving average is $16.09 and its two-hundred day moving average is $13.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24.

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.