Neo Performance Materials (OTCMKTS:NOPMF) Trading Up 8.1% – Should You Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shot up 8.1% on Thursday . The company traded as high as $24.00 and last traded at $24.00. 1,131 shares traded hands during trading, a decline of 95% from the average session volume of 23,349 shares. The stock had previously closed at $22.21.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research note on Thursday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 2.0%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The company has a market cap of $1.00 billion and a price-to-earnings ratio of -91.77. The business has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $14.96.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly 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 firm had revenue of $154.96 million for the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%. On average, equities analysts anticipate that Neo Performance Materials Inc. will post 0.69 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.