Neo Performance Materials (OTCMKTS:NOPMF) Reaches New 52-Week High – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.52 and last traded at $26.22, with a volume of 12221 shares traded. The stock had previously closed at $25.39.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

The stock has a market capitalization of $1.16 billion and a PE ratio of -96.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The firm has a 50 day moving average of $22.77 and a 200-day moving average of $17.89.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. Research analysts forecast that Neo Performance Materials Inc. will post 0.95 earnings per share for the current year.

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.