Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 6.9% – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares fell 6.9% during mid-day trading on Monday . The company traded as low as $25.16 and last traded at $25.2295. 2,940 shares traded hands during trading, a decline of 92% from the average daily volume of 37,766 shares. The stock had previously closed at $27.11.

Analyst Ratings Changes

NOPMF has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, Neo Performance Materials has a consensus rating of “Strong Buy”.

Neo Performance Materials Price Performance

The stock has a market cap of $1.13 billion and a price-to-earnings ratio of -94.27. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average is $25.22 and its 200-day moving average is $19.89.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The company had revenue of $154.96 million for the quarter, compared to analyst estimates of $127.33 million. Equities research analysts expect that Neo Performance Materials Inc. will post 1.48 earnings per share for the current fiscal year.

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.