Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – What’s Next?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped down before the market opened on Tuesday . The stock had previously closed at $27.11, but opened at $24.59. Neo Performance Materials shares last traded at $24.34, with a volume of 4,295 shares trading hands.

Wall Street Analysts Forecast Growth

NOPMF has been the topic of several analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research raised Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Neo Performance Materials Trading Down 3.8%

The stock’s fifty day moving average price is $25.18 and its 200 day moving average price is $19.82. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.12 billion and a PE ratio of -94.12.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The company had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. On average, sell-side analysts forecast that Neo Performance Materials Inc. will post 1.48 EPS 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.