Neo Performance Materials (OTCMKTS:NOPMF) Upgraded to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Neo Performance Materials (OTCMKTS:NOPMF) to a strong-buy rating in a research report report published on Friday morning,Zacks reports.

Several other research firms have also recently issued reports on NOPMF. B. Riley Financial assumed coverage on shares of Neo Performance Materials in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. Zacks Research lowered shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Neo Performance Materials Trading Down 0.3%

Shares of Neo Performance Materials stock opened at $22.94 on Friday. Neo Performance Materials has a 12-month low of $11.10 and a 12-month high of $34.99. The company has a market cap of $1.05 billion and a price-to-earnings ratio of -2,294.00. The company has a current ratio of 2.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $24.57 and its 200-day moving average price is $22.45.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 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 net margin of 0.26% and a return on equity of 11.52%. During the same period last year, the business earned $0.13 earnings per share. On average, equities analysts expect that Neo Performance Materials will post 1.4 earnings per share for the current fiscal year.

About Neo Performance Materials

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.