Neo Performance Materials (OTCMKTS:NOPMF) Sees Large Volume Increase – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares saw unusually-strong trading volume on Thursday . Approximately 24,010 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 22,754 shares.The stock last traded at $20.81 and had previously closed at $22.62.

Analysts Set New Price Targets

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

Neo Performance Materials Trading Up 3.1%

The stock has a market capitalization of $899.36 million and a PE ratio of -82.48. The firm has a 50 day moving average price of $18.33 and a 200 day moving average price of $15.40. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping 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%. Equities analysts expect that Neo Performance Materials Inc. will post 0.93 EPS 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.