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

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $23.4930, but opened at $22.89. Neo Performance Materials shares last traded at $23.45, with a volume of 2,576 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. B Riley assumed coverage on shares of Neo Performance Materials in a research note on Wednesday. They set a “buy” rating on the stock. Jefferies Financial Group started coverage on shares of Neo Performance Materials in a report on Wednesday. They set a “buy” rating on the stock. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, Neo Performance Materials has a consensus rating of “Buy”.

Neo Performance Materials Stock Performance

The business has a 50-day moving average of $26.15 and a two-hundred day moving average of $22.01. The company has a market cap of $1.05 billion and a P/E ratio of -2,281.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $205.75 million for the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, sell-side analysts predict that Neo Performance Materials Inc. will post 1.4 EPS for the current fiscal year.

About Neo Performance Materials

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.