Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Here’s What Happened

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $26.69, but opened at $29.75. Neo Performance Materials shares last traded at $30.0485, with a volume of 5,221 shares.

Analyst Ratings Changes

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

Neo Performance Materials Trading Up 12.4%

The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.38 billion and a PE ratio of -115.38. The company’s 50-day moving average is $23.38 and its 200 day moving average is $18.30.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $154.96 million for the quarter, compared to analysts’ expectations of $127.33 million. As a group, sell-side analysts predict that Neo Performance Materials Inc. will post 0.95 EPS 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.