Neo Performance Materials (OTCMKTS:NOPMF) Sets New 1-Year High – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.52 and last traded at $26.22, with a volume of 12221 shares changing hands. The stock had previously closed at $25.39.

Wall Street Analyst Weigh In

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

Neo Performance Materials Price Performance

The firm has a market cap of $1.20 billion and a P/E ratio of -100.85. The business’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $17.70. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The firm had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. As a group, analysts forecast that Neo Performance Materials Inc. will post 0.92 EPS for the current fiscal 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.