Neo Performance Materials (OTCMKTS:NOPMF) Shares Down 8.5% – Time to Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price traded down 8.5% on Thursday. The stock traded as low as $19.60 and last traded at $19.60. 15,943 shares traded hands during trading, a decline of 62% from the average session volume of 42,422 shares. The stock had previously closed at $21.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. B. Riley Financial assumed coverage on Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Jefferies Financial Group upgraded Neo Performance Materials to a “strong-buy” rating in a research report on Friday, September 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Finally, Zacks Research downgraded shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Neo Performance Materials presently has an average rating of “Buy”.

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.00. The stock has a market cap of $900.65 million and a PE ratio of -1,960.50. The business has a 50 day moving average price of $23.84 and a two-hundred day moving average price of $22.69.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Neo Performance Materials had a return on equity of 11.52% and a net margin of 0.26%.The company had revenue of $205.75 million for the quarter, compared to the consensus estimate of $169.14 million. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities research analysts forecast that Neo Performance Materials Inc. will post 1.38 EPS for the current fiscal year.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a Canada-based advanced materials company that develops, manufactures and supplies materials used in high-technology and industrial applications. Its products are primarily derived from rare earths and other specialty metals and are sold to manufacturers around the world.

The company operates through businesses focused on magnetic materials, rare earth chemicals and oxides, and rare metals and alloys. Its Magnequench division produces rare-earth magnetic powders and bonded magnets used in motors, sensors, electronics, automotive components and other applications.