Neo Performance Materials (OTCMKTS:NOPMF) Sees Strong Trading Volume – Here’s Why

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw unusually-strong trading volume on Thursday . Approximately 24,010 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 22,754 shares.The stock last traded at $20.81 and had previously closed at $22.62.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Down 8.2%

The stock has a 50 day moving average of $18.24 and a 200-day moving average of $15.30. The firm has a market capitalization of $870.53 million and a P/E ratio of -79.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The firm had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. Research analysts predict that Neo Performance Materials Inc. will post 0.93 earnings per share for the current fiscal year.

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.