Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up before the market opened on Monday . The stock had previously closed at $24.0740, but opened at $27.34. Neo Performance Materials shares last traded at $24.4590, with a volume of 3,124 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One 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 presently has a consensus rating of “Strong Buy”.

Neo Performance Materials Price Performance

The firm’s 50-day moving average is $26.40 and its 200-day moving average is $21.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The company has a market capitalization of $1.11 billion and a P/E ratio of -2,415.60.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $205.75 million for the quarter, compared to the consensus estimate of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. During the same period last year, the firm earned $0.13 earnings per share. Analysts predict that Neo Performance Materials Inc. will post 1.4 EPS 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.