Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 12.8% - Time to Sell?

Key Points

• Shares plunged 12.8% intraday, trading as low as $13.27 and last at $15.18 on thin volume (16,884 shares, about 40% below average), after a prior close of $17.42.
• BMO Capital Markets initiated coverage with an "Outperform" and the stock's consensus from two analysts is a "Moderate Buy" (one Buy, one Hold).
• Fundamentals show a market cap of about $639 million, a negative trailing PE (-90.3), 50-day/200-day moving averages of $16.09/$13.98, and conservative leverage (debt-to-equity 0.22) with healthy liquidity ratios (current 2.24, quick 1.18).

Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report) shares traded down 12.8% during mid-day trading on Thursday . The company traded as low as $13.27 and last traded at $15.18. 16,884 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 28,051 shares. The stock had previously closed at $17.4180.

Wall Street Analyst Weigh In

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

Neo Performance Materials Stock Down 11.9%

The firm has a market capitalization of $638.62 million and a PE ratio of -90.30. The business's fifty day moving average price is $16.09 and its 200 day moving average price is $13.98. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.