Neo Performance Materials (OTCMKTS:NOPMF) Shares Gap Down - Time to Sell?

Key Points

• Neo Performance Materials shares gapped down from a prior close of $22.22 to open at $21.25, with only 348 shares traded.
• Analyst sentiment remains generally positive, with three Buy ratings and one Hold rating, resulting in a “Moderate Buy” consensus; however, Zacks recently downgraded the stock from Strong Buy to Hold.
• The company exceeded quarterly expectations, reporting $0.51 in EPS versus $0.50 expected and $205.75 million in revenue versus a $169.14 million consensus estimate.

Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $22.22, but opened at $21.25. Neo Performance Materials shares last traded at $21.25, with a volume of 348 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on NOPMF. Zacks Research cut Neo Performance Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Neo Performance Materials in a report on Monday, July 13th. Jefferies Financial Group began coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They issued a "buy" rating on the stock. Finally, B Riley began coverage on shares of Neo Performance Materials in a report on Wednesday, September 2nd. They issued a "buy" rating for the company. Three analysts have 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 company presently has an average rating of "Moderate Buy".

Neo Performance Materials Stock Performance

The stock has a market cap of $961.64 million and a PE ratio of -2,093.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76. The stock has a 50-day simple moving average of $25.75 and a 200-day simple moving average of $22.30.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.The company had revenue of $205.75 million for the quarter, compared to the consensus estimate of $169.14 million. During the same period last year, the business posted $0.13 EPS. Equities analysts predict that Neo Performance Materials Inc. will post 1.4 earnings per share for the current fiscal year.

About Neo Performance Materials

Neo Performance Materials Inc is a Canadian advanced materials company that produces specialty materials used in automotive, electronics, clean energy, healthcare, aerospace and industrial applications. Its operations are organized into three business units: Magnequench, Neo Chemicals & Oxides, and Neo Rare Metals.

Magnequench manufactures rare-earth magnetic powders and bonded permanent magnets, including materials used in motors, sensors and other compact electronic components. Neo Chemicals & Oxides produces rare-earth compounds, oxides and related materials, while Neo Rare Metals supplies high-purity specialty metals and compounds, including materials used in electronics, advanced manufacturing and other technology applications.

Neo Performance Materials serves customers internationally through manufacturing, processing and research operations in North America, Europe and Asia.

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