Neo Performance Materials (OTCMKTS:NOPMF) Shares Down 4% – What’s Next?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares dropped 4% during mid-day trading on Tuesday . The stock traded as low as $23.50 and last traded at $24.28. Approximately 1,358 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 39,030 shares. The stock had previously closed at $25.28.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Zacks Research raised shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Neo Performance Materials Price Performance

The stock has a market cap of $1.09 billion and a P/E ratio of -2,373.00. The business has a 50 day simple moving average of $26.40 and a 200-day simple moving average of $21.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76.

Neo Performance Materials (OTCMKTS:NOPMF) last released its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share for the quarter, beating 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 firm had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. During the same period in the prior year, the firm earned $0.13 EPS. On average, sell-side analysts forecast that Neo Performance Materials Inc. will post 1.4 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.