Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 6.9% – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price was down 6.9% during trading on Monday . The company traded as low as $25.16 and last traded at $25.2295. 2,940 shares were traded during trading, a decline of 92% from the average daily volume of 37,766 shares. The stock had previously closed at $27.11.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Neo Performance Materials Stock Down 6.1%

The business’s fifty day moving average price is $25.14 and its 200 day moving average price is $19.73. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.17 billion and a price-to-earnings ratio of -97.87.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. On average, equities analysts expect that Neo Performance Materials Inc. will post 1.48 EPS for the current year.

Neo Performance Materials Company Profile

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.