Neo Performance Materials (OTCMKTS:NOPMF) Sees Strong Trading Volume – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares saw strong trading volume on Wednesday . 78,105 shares traded hands during trading, an increase of 179% from the previous session’s volume of 27,963 shares.The stock last traded at $20.64 and had previously closed at $19.04.

Analyst Ratings Changes

NOPMF has been the topic of a number of analyst reports. BMO Capital Markets started coverage on Neo Performance Materials in a report on Friday, February 20th. They issued an “outperform” rating on the stock. Zacks Research raised Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One research 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 has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Up 1.5%

The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $14.28 and its 200 day moving average is $13.39. The stock has a market cap of $844.90 million and a PE ratio of -119.47.

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.