Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Time to Buy?

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $14.39, but opened at $15.6750. Neo Performance Materials shares last traded at $15.5015, with a volume of 946 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a report on Friday, February 20th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. The firm’s 50 day moving average is $16.57 and its 200-day moving average is $14.32. The firm has a market cap of $665.60 million and a price-to-earnings ratio of -94.12.

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.