Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Should You Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $13.95, but opened at $13.35. Neo Performance Materials shares last traded at $13.7775, with a volume of 9,278 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Neo Performance Materials to a “hold” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Neo Performance Materials presently has an average rating of “Hold”.

Neo Performance Materials Trading Up 3.2%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The company has a market capitalization of $577.62 million and a price-to-earnings ratio of -81.68. The business has a fifty day moving average price of $12.21 and a 200 day moving average price of $12.67.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Friday, November 14th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%. The firm had revenue of $122.21 million during the quarter, compared to analysts’ expectations of $109.50 million.

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.