Neo Performance Materials (OTCMKTS:NOPMF) Trading Down 4% – Time to Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price fell 4% on Tuesday . The company traded as low as $23.50 and last traded at $24.28. Approximately 1,358 shares traded hands during trading, a decline of 97% from the average daily volume of 39,030 shares. The stock had previously closed at $25.28.

Wall Street Analysts Forecast Growth

NOPMF has been the topic of a number of recent research reports. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, Neo Performance Materials currently has an average rating of “Strong Buy”.

Neo Performance Materials Price Performance

The stock has a 50-day moving average of $26.39 and a two-hundred day moving average of $21.53. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of -2,478.50. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, analysts anticipate that Neo Performance Materials Inc. will post 1.4 EPS for the current 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.