Neo Performance Materials Inc. (TSE:NEO - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$15.54 and last traded at C$15.32, with a volume of 512178 shares trading hands. The stock had previously closed at C$14.58.
Analysts Set New Price Targets
Separately, Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research note on Monday, May 12th.
Read Our Latest Stock Analysis on Neo Performance Materials
Neo Performance Materials Trading Up 0.2%
The stock's 50 day moving average is C$11.85 and its two-hundred day moving average is C$9.74. The company has a market capitalization of C$466.22 million, a PE ratio of -209.21 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.
Neo Performance Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Tuesday, June 17th. Neo Performance Materials's dividend payout ratio (DPR) is presently -525.33%.
Insiders Place Their Bets
In other Neo Performance Materials news, Director Rahim Suleman acquired 5,100 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average cost of C$9.87 per share, with a total value of C$50,344.14. 22.38% of the stock is currently owned by company insiders.
About Neo Performance Materials
(
Get Free Report)
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.
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