Neo Performance Materials (TSE:NEO) Hits New 1-Year High - Here's What Happened

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their target price on shares of Neo Performance Materials from C$16.50 to C$17.50 in a report on Monday, May 12th.

Neo Performance Materials Trading Up 5.0%

The firm has a market cap of C$448.08 million, a PE ratio of -201.07 and a beta of 1.38. The company's fifty day moving average price is C$11.68 and its two-hundred day moving average price is C$9.64. 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 company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 27th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Tuesday, June 17th. Neo Performance Materials's payout ratio is -525.33%.

Insider Buying and Selling at Neo Performance Materials

In related news, Director Rahim Suleman acquired 5,100 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of C$9.87 per share, with a total value of C$50,344.14. 22.38% of the stock is currently owned by insiders.

Neo Performance Materials Company Profile

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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