Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Here’s Why

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high during trading on Wednesday . The company traded as high as $26.52 and last traded at $26.22, with a volume of 12221 shares trading hands. The stock had previously closed at $25.39.

Wall Street Analysts Forecast Growth

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

Neo Performance Materials Stock Performance

The firm has a market capitalization of $1.20 billion and a PE ratio of -100.85. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $22.46 and a 200 day moving average of $17.70.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The firm had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. Equities research analysts predict that Neo Performance Materials Inc. will post 0.92 EPS for the current 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.