Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 7.5% – Time to Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $21.86 and last traded at $21.90. 6,676 shares were traded during mid-day trading, a decline of 71% from the average session volume of 22,951 shares. The stock had previously closed at $23.67.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Neo Performance Materials Trading Down 5.2%

The company has a 50 day simple moving average of $18.06 and a 200 day simple moving average of $15.17. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $941.55 million and a PE ratio of -86.35.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. The firm had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a positive return on equity of 7.85% and a negative net margin of 1.98%. Analysts predict that Neo Performance Materials Inc. will post 0.93 earnings per share for the current fiscal 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.