Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Up 7.8% – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price rose 7.8% on Wednesday . The stock traded as high as $25.0725 and last traded at $24.91. Approximately 1,190 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 22,744 shares. The stock had previously closed at $23.11.

Analyst Ratings Changes

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

Neo Performance Materials Stock Performance

The firm has a market cap of $1.14 billion and a price-to-earnings ratio of -95.08. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $19.00 and a 200 day moving average of $15.90.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly 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 company had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%. As a group, analysts anticipate that Neo Performance Materials Inc. will post 0.92 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.