Neo Performance Materials (OTCMKTS:NOPMF) Hits New 12-Month High – Still a Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.94 and last traded at $28.2073, with a volume of 11890 shares. The stock had previously closed at $25.49.

Wall Street Analyst Weigh In

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

Neo Performance Materials Stock Up 12.0%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The firm’s 50-day simple moving average is $25.43 and its 200 day simple moving average is $20.27. The company has a market capitalization of $1.31 billion and a PE ratio of -109.77.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The company had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. As a group, equities research analysts forecast that Neo Performance Materials Inc. will post 1.48 earnings per share for the current 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.