Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up – Here’s Why

Neo Performance Materials Inc. (OTCMKTS:NOPMF) shares gapped up prior to trading on Friday . The stock had previously closed at $14.91, but opened at $15.65. Neo Performance Materials shares last traded at $15.31, with a volume of 4,446 shares changing hands.

Analyst Ratings Changes

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

Neo Performance Materials Stock Performance

The company’s fifty day simple moving average is $16.15 and its two-hundred day simple moving average is $14.01. 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 stock has a market capitalization of $614.85 million and a P/E ratio of -86.94.

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.