Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Up 11.1% – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price was up 11.1% during trading on Thursday . The stock traded as high as $21.5320 and last traded at $21.16. Approximately 26,342 shares changed hands during trading, a decline of 9% from the average daily volume of 28,900 shares. The stock had previously closed at $19.04.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Neo Performance Materials to a “hold” rating in a report on Thursday, November 6th. BMO Capital Markets started coverage on shares of Neo Performance Materials in a research note on Friday, February 20th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Neo Performance Materials currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The stock has a market capitalization of $856.96 million and a P/E ratio of -121.18. The business has a fifty day simple moving average of $13.93 and a 200-day simple moving average of $13.29.

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.