Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMFGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $23.6850, but opened at $21.51. Neo Performance Materials shares last traded at $23.70, with a volume of 2,570 shares changing hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Neo Performance Materials currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on NOPMF

Neo Performance Materials Price Performance

The company’s fifty day moving average price is $18.15 and its 200 day moving average price is $15.24. The company has a market capitalization of $932.75 million and a P/E ratio of -85.54. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMFGet Free Report) last announced 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. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. The company had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. As a group, sell-side analysts forecast that Neo Performance Materials Inc. will post 0.93 EPS for the current year.

Neo Performance Materials Company Profile

(Get Free Report)

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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