Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Up - What's Next?

Key Points

• Shares of Neo Performance Materials gapped up before the open (previous close $14.91, opened $15.65) and last traded at $15.31 on about 4,446 shares, representing roughly a 3.0% intraday rise.
• BMO Capital Markets initiated coverage with an "outperform" rating, and the stock's analyst consensus is a Moderate Buy (one Buy, one Hold).
• Key fundamentals: market capitalization ≈ $639 million, negative P/E of -90.35, 50-day MA $16.12 vs. 200-day MA $13.99, with a solid current ratio of 2.24 and low debt-to-equity of 0.22.

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report) gapped up before the market opened 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.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets assumed coverage on Neo Performance Materials in a research report on Friday, February 20th. They issued an "outperform" rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Neo Performance Materials presently has a consensus rating of "Moderate Buy".

Neo Performance Materials Stock Up 3.0%

The company's 50-day moving average is $16.12 and its 200 day moving average is $13.99. The stock has a market capitalization of $638.98 million and a PE ratio of -90.35. The company has a current ratio of 2.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

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.

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