Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price hit a new 52-week high during 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 traded. The stock had previously closed at C$14.58.
Analyst Ratings Changes
Separately, Stifel Nicolaus lifted their price target on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.
Get Our Latest Stock Report on Neo Performance Materials
Neo Performance Materials Stock Performance
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 simple moving average is C$11.93 and its two-hundred day simple moving average is C$9.81. The stock has a market cap of C$466.22 million, a P/E ratio of -209.21 and a beta of 1.38.
Neo Performance Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 27th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, June 17th. Neo Performance Materials's payout ratio is presently -525.33%.
Insider Buying and Selling at Neo Performance Materials
In other Neo Performance Materials news, Director Rahim Suleman purchased 5,100 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of C$9.87 per share, for a total transaction of C$50,344.14. 22.38% of the stock is owned by insiders.
About Neo Performance Materials
(
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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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