Neo Performance Materials (TSE:NEO - Get Free Report) had its price objective boosted by equities researchers at Stifel Nicolaus from C$16.50 to C$17.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price points to a potential upside of 66.19% from the stock's previous close.
Neo Performance Materials Stock Performance
Shares of TSE NEO traded up C$0.21 during midday trading on Monday, hitting C$10.53. 92,893 shares of the company's stock were exchanged, compared to its average volume of 98,443. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The stock's 50 day moving average price is C$9.66 and its 200-day moving average price is C$8.68. The firm has a market cap of C$308.18 million, a P/E ratio of -138.29 and a beta of 1.38. Neo Performance Materials has a twelve month low of C$6.57 and a twelve month high of C$12.07.
About Neo Performance Materials
(
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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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