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Neenah Paper (NYSE:NP) gapped up before the market opened on Thursday following a better than expected earnings announcement, AnalystRatings.NET reports. The stock had previously closed at $50.58, but opened at $50.62. Neenah Paper shares last traded at $51.50, with a volume of 63,503 shares trading hands.

The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.06. The company had revenue of $230.40 million for the quarter, compared to the consensus estimate of $224.30 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis.

The stock’s 50-day moving average is $52.17 and its 200-day moving average is $49.85. The company has a market cap of $856.4 million and a P/E ratio of 16.83.

Neenah Paper, Inc (NYSE:NP) has two primary operations: technical products business and fine paper business.

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