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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $24.73, but opened at $23.97. Neo Performance Materials shares last traded at $25.21, with a volume of 1,880 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, Neo Performance Materials presently has an average rating of “Strong Buy”.

Neo Performance Materials Trading Up 3.1%

The stock has a 50 day moving average of $26.37 and a 200-day moving average of $21.38. The company has a market capitalization of $1.14 billion and a P/E ratio of -2,481.69. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, August 11th. The company reported $0.51 EPS for the quarter, topping 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 12.14%. The company had revenue of $205.75 million for the quarter, compared to analysts’ expectations of $169.14 million. During the same quarter last year, the business earned $0.13 EPS. On average, research analysts predict that Neo Performance Materials Inc. will post 1.4 EPS 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.