Neo Performance Materials (OTCMKTS:NOPMF) Cut to Hold at Zacks Research

Neo Performance Materials (OTCMKTS:NOPMF) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

NOPMF has been the topic of a number of other reports. B Riley initiated coverage on Neo Performance Materials in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Finally, Jefferies Financial Group assumed coverage on Neo Performance Materials in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Neo Performance Materials presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Trading Down 2.5%

Shares of OTCMKTS:NOPMF opened at $22.41 on Tuesday. Neo Performance Materials has a 52 week low of $11.10 and a 52 week high of $34.99. The company’s 50 day moving average is $25.96 and its two-hundred day moving average is $22.22. The company has a market cap of $1.03 billion and a PE ratio of -2,240.50. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $205.75 million during the quarter, compared to analysts’ expectations of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 12.14%. During the same period in the previous year, the company earned $0.13 EPS. Equities analysts predict that Neo Performance Materials will post 1.4 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.