Neo Performance Materials (OTCMKTS:NOPMF – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01, Zacks reports. The firm had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.During the same quarter in the previous year, the firm earned $0.13 EPS.
Neo Performance Materials Stock Down 7.7%
Shares of NOPMF stock traded down $2.18 during mid-day trading on Wednesday, hitting $26.15. The company’s stock had a trading volume of 22,045 shares, compared to its average volume of 39,032. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. Neo Performance Materials has a 52-week low of $11.10 and a 52-week high of $34.99. The stock has a market cap of $1.20 billion and a price-to-earnings ratio of -100.58. The business has a 50-day moving average price of $25.97 and a 200 day moving average price of $20.82.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Neo Performance Materials currently has an average rating of “Strong Buy”.
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.
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