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

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $25.70, but opened at $23.15. Neo Performance Materials shares last traded at $25.59, with a volume of 5,096 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Neo Performance Materials presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The stock’s 50 day simple moving average is $22.28 and its 200-day simple moving average is $17.59. The company has a market capitalization of $1.18 billion and a PE ratio of -98.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. As a group, equities analysts forecast that Neo Performance Materials Inc. will post 0.92 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.