Neo Performance Materials (OTCMKTS:NOPMF) Sees Unusually-High Trading Volume – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares saw unusually-high trading volume on Monday . Approximately 75,929 shares changed hands during mid-day trading, an increase of 245% from the previous session’s volume of 21,981 shares.The stock last traded at $12.06 and had previously closed at $12.2820.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Stock Up 1.3%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The company has a market capitalization of $517.79 million and a price-to-earnings ratio of -73.22. The firm’s 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $12.39.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The business had revenue of $122.21 million for the quarter, compared to analyst estimates 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.