Neo Performance Materials Inc. (OTCMKTS:NOPMF – Get Free Report)’s share price fell 6.9% during mid-day trading on Monday . The stock traded as low as $25.16 and last traded at $25.2295. 2,940 shares traded hands during trading, a decline of 92% from the average session volume of 37,766 shares. The stock had previously closed at $27.11.
Wall Street Analyst Weigh In
A number of brokerages have commented on NOPMF. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. One equities 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, the company presently has an average rating of “Strong Buy”.
Check Out Our Latest Report on NOPMF
Neo Performance Materials Stock Down 6.1%
Neo Performance Materials (OTCMKTS:NOPMF – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. The firm had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. As a group, equities research analysts expect that Neo Performance Materials Inc. will post 1.48 earnings per share for the current fiscal year.
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.
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