Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up Following Strong Earnings

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $21.6040, but opened at $22.92. Neo Performance Materials shares last traded at $22.03, with a volume of 1,177 shares traded.

The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 5.05% and a negative net margin of 2.09%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets began coverage on Neo Performance Materials in a research report on Friday, February 20th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Neo Performance Materials has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Up 0.1%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 1.18. The business’s 50-day simple moving average is $17.71 and its two-hundred day simple moving average is $14.84. The stock has a market capitalization of $906.74 million and a price-to-earnings ratio of -83.15.

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.