Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Should You Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $24.0280, but opened at $22.5715. Neo Performance Materials shares last traded at $22.46, with a volume of 1,513 shares.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Down 1.7%

The company has a 50 day moving average of $19.94 and a 200-day moving average of $16.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The company has a market cap of $1.02 billion and a P/E ratio of -85.77.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 predict that Neo Performance Materials Inc. will post 0.92 earnings per share 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.