Neo Performance Materials Inc. (OTCMKTS:NOPMF – Get Free Report)’s share price fell 5% during trading on Thursday. The stock traded as low as $21.64 and last traded at $21.64. Approximately 3,378 shares traded hands during trading, a decline of 92% from the average session volume of 42,290 shares. The stock had previously closed at $22.7805.
Wall Street Analyst Weigh In
NOPMF has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Neo Performance Materials to a “strong-buy” rating in a research report on Friday, September 25th. B. Riley Financial initiated coverage on shares of Neo Performance Materials in a report on Wednesday, September 2nd. They set a “buy” rating on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Finally, Zacks Research cut shares of Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.
Read Our Latest Research Report on Neo Performance Materials
Neo Performance Materials Trading Down 2.2%
Neo Performance Materials (OTCMKTS:NOPMF – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $205.75 million for the quarter, compared to analysts’ expectations of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 11.52%. During the same quarter last year, the company posted $0.13 EPS. On average, sell-side analysts predict that Neo Performance Materials Inc. will post 1.38 earnings per share for the current 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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