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

Key Points

• Neo Performance Materials shares opened sharply lower, falling from a prior close of $19.03 to $17.42 on volume of 390 shares.
• Despite the price decline, analyst sentiment remains positive overall: the stock has a consensus “Buy” rating, including Strong Buy, Buy and Hold recommendations.
• The company recently exceeded quarterly expectations, reporting $0.51 in EPS versus a $0.50 estimate and revenue of $205.75 million versus a $169.14 million consensus forecast.

Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report)'s stock price gapped down prior to trading on Friday. The stock had previously closed at $19.03, but opened at $17.42. Neo Performance Materials shares last traded at $17.42, with a volume of 390 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NOPMF shares. BMO Capital Markets reissued an "outperform" rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Jefferies Financial Group upgraded shares of Neo Performance Materials to a "strong-buy" rating in a report on Friday, September 25th. Zacks Research downgraded shares of Neo Performance Materials from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Finally, B. Riley Financial initiated coverage on shares of Neo Performance Materials in a research note on Wednesday, September 2nd. They set a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Neo Performance Materials Stock Down 1.4%

The company has a quick ratio of 1.00, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The company's 50 day moving average price is $22.02 and its 200 day moving average price is $22.93. The firm has a market capitalization of $786.72 million and a price-to-earnings ratio of -1,712.50.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) last released its earnings results 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 11.52% and a net margin of 0.26%. The firm had revenue of $205.75 million during the quarter, compared to the consensus estimate of $169.14 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. As a group, research analysts forecast that Neo Performance Materials Inc. will post 1.38 earnings per share for the current fiscal year.

About Neo Performance Materials

Neo Performance Materials Inc OTCMKTS: NOPMF is a Canada-based advanced materials company that produces specialty materials derived primarily from rare earth elements and other critical metals. Its products are used in applications including automotive systems, consumer electronics, industrial equipment, renewable energy technologies and other high-performance products.

The company operates through businesses focused on permanent-magnet materials, rare earth chemicals and oxides, and specialty metals and powders.

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