Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down at the open from $14.90 to $13.50 but were last trading near $14.80 on light volume of 14,673 shares, indicating a quick intraday rebound.
• BMO Capital Markets initiated coverage on Feb. 20 with an "outperform" rating, and MarketBeat shows a consensus of Moderate Buy (one Buy, one Hold).
• The company has a market cap of about $619 million and a negative P/E (-87.59); the 50‑day moving average ($16.15) is above the current price while the 200‑day ($14.03) sits just below, suggesting recent weakness but some longer-term support.

Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $14.90, but opened at $13.50. Neo Performance Materials shares last traded at $14.80, with a volume of 14,673 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets started coverage on shares of Neo Performance Materials in a research note on Friday, February 20th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Neo Performance Materials Trading Down 0.1%

The company has a fifty day moving average of $16.15 and a two-hundred day moving average of $14.03. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $619.42 million and a price-to-earnings ratio of -87.59.

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.

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