Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up Following Analyst Upgrade

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up prior to trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $26.69, but opened at $29.75. Neo Performance Materials shares last traded at $30.0485, with a volume of 5,221 shares.

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

Neo Performance Materials Trading Up 4.7%

The stock has a fifty day moving average of $23.80 and a 200 day moving average of $18.50. 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 company has a market capitalization of $1.37 billion and a PE ratio of -114.35.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. As a group, sell-side analysts predict that Neo Performance Materials Inc. will post 0.95 earnings per share for the current fiscal 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.