Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Time to Buy?

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.5513 and last traded at $21.51, with a volume of 25424 shares traded. The stock had previously closed at $21.24.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets started coverage on Neo Performance Materials in a research note on Friday, February 20th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Up 1.7%

The business has a 50-day moving average price of $17.67 and a 200-day moving average price of $14.74. The stock has a market cap of $906.11 million and a PE ratio of -83.09. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

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.