Neo Performance Materials (OTCMKTS:NOPMF) Reaches New 12-Month High – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $18.3335 and last traded at $18.2650, with a volume of 44682 shares changing hands. The stock had previously closed at $16.7475.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NOPMF shares. Zacks Research raised shares of Neo Performance Materials to a “hold” rating in a research report on Thursday, November 6th. BMO Capital Markets assumed coverage on Neo Performance Materials in a report on Friday. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company has a 50 day moving average of $13.60 and a 200-day moving average of $13.19. The firm has a market capitalization of $765.44 million and a P/E ratio of -108.24. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

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.