Neo Performance Materials (OTCMKTS:NOPMF) Stock Price Up 2.4% – Here’s Why

by · The Cerbat Gem

Shares of Neo Performance Materials Inc. (OTCMKTS:NOPMF – Get Free Report) rose 2.4% during trading on Thursday . The company traded as high as $12.3080 and last traded at $12.1380. Approximately 11,733 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 23,300 shares. The stock had previously closed at $11.8501.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Neo Performance Materials to a “hold” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Analysis on NOPMF

Neo Performance Materials Stock Performance

The stock has a market cap of $504.94 million and a P/E ratio of 35.91. The stock has a 50-day moving average price of $13.15 and a 200-day moving average price of $11.91.

Neo Performance Materials (OTCMKTS:NOPMF – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $122.21 million during the quarter, compared to analysts’ expectations of $109.50 million.

About Neo Performance Materials

(Get Free Report)

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.

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