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

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up before the market opened on Tuesday. The stock had previously closed at $18.60, but opened at $20.20. Neo Performance Materials shares last traded at $19.43, with a volume of 1,734 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Jefferies Financial Group upgraded shares of Neo Performance Materials to a “strong-buy” rating in a research report on Friday, September 25th. 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, B. Riley Financial initiated coverage on shares of Neo Performance Materials in a research note on Wednesday, September 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Neo Performance Materials Stock Down 1.2%

The company has a quick ratio of 1.00, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $844.38 million and a P/E ratio of -1,838.00. The company has a fifty day moving average price of $20.43 and a 200-day moving average price of $21.01.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings results 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 return on equity of 11.52% and a net margin of 0.26%. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, research analysts forecast that Neo Performance Materials Inc. will post 1.11 EPS for the current fiscal year.

About Neo Performance Materials

Neo Performance Materials is a Canadian advanced materials company that produces specialized materials used in applications including electric motors, consumer electronics, automotive systems, and industrial equipment. Its business focuses on materials derived from rare earths and other specialty metals.

The company operates through three main businesses. Magnequench makes magnetic powders and bonded magnets used in compact, high-performance motors and other devices. Chemicals and Oxides produces rare earth materials, including separated oxides and related products, while Rare Metals supplies specialty metals and compounds for industrial and technology applications.

Neo serves customers internationally, with manufacturing and processing operations across several regions, including Europe and Asia.