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

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF) gapped up before the market opened on Friday . The stock had previously closed at $13.82, but opened at $14.40. Neo Performance Materials shares last traded at $14.15, with a volume of 2,567 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Neo Performance Materials Trading Up 1.7%

The company has a market capitalization of $596.53 million and a price-to-earnings ratio of -84.35. 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 business’s 50-day simple moving average is $12.32 and its 200-day simple moving average is $12.73.

Neo Performance Materials (OTCMKTS:NOPMF) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Neo Performance Materials had a negative net margin of 1.30% and a positive return on equity of 3.71%. The business had revenue of $122.21 million during the quarter, compared to the consensus estimate of $109.50 million.

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.