Neo Performance Materials (OTCMKTS:NOPMF) Rating Increased to Strong-Buy at Zacks Research

Neo Performance Materials (OTCMKTS:NOPMF) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, BMO Capital Markets reissued 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 Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Neo Performance Materials Trading Up 4.7%

Shares of NOPMF opened at $29.73 on Thursday. The business’s 50-day moving average price is $23.80 and its 200 day moving average price is $18.50. The stock has a market capitalization of $1.37 billion and a P/E ratio of -114.35. Neo Performance Materials has a 1-year low of $11.00 and a 1-year high of $30.30. 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 data on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $127.33 million. Analysts expect that Neo Performance Materials will post 0.95 earnings per share 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.