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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $23.6850, but opened at $21.51. Neo Performance Materials shares last traded at $23.70, with a volume of 2,570 shares.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Down 0.2%

The firm has a 50-day moving average of $17.97 and a 200 day moving average of $15.10. The stock has a market capitalization of $989.78 million and a price-to-earnings ratio of -90.77. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. The firm had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%. On average, sell-side analysts anticipate that Neo Performance Materials Inc. will post 0.93 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.