Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Down 4% - Should You Sell?

Key Points

• Neo Performance Materials’ stock fell 4% to $24.28 in mid-day trading, with unusually low volume of 1,358 shares versus a 39,030-share daily average.
• Analysts remain bullish: BMO maintained an “outperform” rating, Zacks Research upgraded the stock to “strong buy,” and MarketBeat reports an average rating of “Strong Buy.”
• The company exceeded quarterly expectations, reporting EPS of $0.51 versus $0.50 expected and revenue of $205.75 million versus a $169.14 million consensus estimate.

Neo Performance Materials Inc. (OTCMKTS:NOPMF - Get Free Report)'s stock price traded down 4% during mid-day trading on Tuesday . The company traded as low as $23.50 and last traded at $24.28. 1,358 shares were traded during trading, a decline of 97% from the average daily volume of 39,030 shares. The stock had previously closed at $25.28.

Analysts Set New Price Targets

NOPMF has been the topic of several recent research reports. BMO Capital Markets restated an "outperform" rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research raised shares of Neo Performance Materials from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, Neo Performance Materials currently has an average rating of "Strong Buy".

Neo Performance Materials Price Performance

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 firm has a market cap of $1.14 billion and a price-to-earnings ratio of -2,478.50. The business's 50-day moving average price is $26.39 and its two-hundred day moving average price is $21.53.

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

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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