Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Up 8.2% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares were up 8.2% on Tuesday . The stock traded as high as $23.31 and last traded at $23.31. 3,938 shares were traded during trading, a decline of 91% from the average daily volume of 42,661 shares. The stock had previously closed at $21.54.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Neo Performance Materials in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. B. Riley Financial initiated coverage on shares of Neo Performance Materials in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Zacks Research lowered Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 6.9%

The firm’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $22.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 2.06. The company has a market cap of $1.09 billion and a P/E ratio of -2,371.95.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Neo Performance Materials had a net margin of 0.26% and a return on equity of 11.52%. The business had revenue of $205.75 million for the quarter, compared to the consensus estimate of $169.14 million. During the same period last year, the company posted $0.13 EPS. On average, research analysts forecast that Neo Performance Materials Inc. will post 1.4 earnings per share for the current fiscal year.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.