Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down – Should You Sell?

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.69, but opened at $11.85. Neo Performance Materials shares last traded at $12.0750, with a volume of 2,056 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Neo Performance Materials Stock Performance

The business has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $11.44.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $122.21 million during the quarter, compared to analysts’ expectations of $109.50 million.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.