Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 7.9% – Here’s What Happened

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) were down 7.9% on Friday . The stock traded as low as $22.7950 and last traded at $22.82. Approximately 7,891 shares changed hands during trading, a decline of 66% from the average daily volume of 22,891 shares. The stock had previously closed at $24.7720.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a 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 stock. According to MarketBeat, Neo Performance Materials has a consensus rating of “Moderate Buy”.

Neo Performance Materials Price Performance

The company’s fifty day moving average price is $18.83 and its 200 day moving average price is $15.80. 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 has a market capitalization of $949.52 million and a price-to-earnings ratio of -87.08.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, beating 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 7.85%. The business had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. Equities research analysts expect that Neo Performance Materials Inc. will post 0.93 earnings per share for the current 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.