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Neo Performance Materials (TSE:NEO) Reaches New 1-Year High - Here's Why

Neo Performance Materials logo with Basic Materials background

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$11.02 and last traded at C$10.99, with a volume of 140107 shares traded. The stock had previously closed at C$10.69.

Analyst Ratings Changes

Separately, Stifel Nicolaus upped their price objective on shares of Neo Performance Materials from C$15.00 to C$16.50 and gave the company a "buy" rating in a research note on Wednesday, March 19th.

View Our Latest Report on Neo Performance Materials

Neo Performance Materials Stock Performance

The company has a market cap of C$351.79 million, a PE ratio of -157.86 and a beta of 1.38. The stock has a 50 day simple moving average of C$9.00 and a two-hundred day simple moving average of C$8.47. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92.

Neo Performance Materials Company Profile

(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.

Further Reading

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