Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 7.9% – Should You Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price fell 7.9% on Friday . The company traded as low as $22.7950 and last traded at $22.82. 7,891 shares changed hands during trading, a decline of 66% from the average session volume of 22,891 shares. The stock had previously closed at $24.7720.

Analyst Ratings Changes

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

Neo Performance Materials Trading Down 9.0%

The business has a fifty day moving average price of $18.73 and a 200 day moving average price of $15.75. The company has a market capitalization of $945.24 million and a price-to-earnings ratio of -86.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $154.96 million for 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%. On average, equities analysts expect that Neo Performance Materials Inc. will post 0.93 EPS 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.