Neo Performance Materials Inc. (OTCMKTS:NOPMF – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.22, but opened at $21.25. Neo Performance Materials shares last traded at $21.25, with a volume of 348 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on NOPMF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Jefferies Financial Group began coverage on Neo Performance Materials in a research note on Wednesday, September 2nd. They set a “buy” rating on the stock. Zacks Research downgraded Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, B Riley began coverage on Neo Performance Materials in a research note on Wednesday, September 2nd. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Neo Performance Materials
Neo Performance Materials Price Performance
Neo Performance Materials (OTCMKTS:NOPMF – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.The company had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. During the same period last year, the firm earned $0.13 earnings per share. Research analysts predict that Neo Performance Materials Inc. will post 1.4 EPS 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.
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