Neo Performance Materials Inc. (TSE:NEO - Get Free Report) shares reached 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.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.
View Our Latest Research Report on Neo Performance Materials
Neo Performance Materials Stock Performance
The stock has a 50-day moving average of C$11.85 and a 200-day moving average of C$9.74. The firm has a market cap of C$465.34 million, a price-to-earnings ratio of -208.82 and a beta of 1.38. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59.
Neo Performance Materials Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, June 17th. Neo Performance Materials's dividend payout ratio is presently -525.33%.
Insider Transactions at Neo Performance Materials
In related news, Director Rahim Suleman purchased 5,100 shares of the stock in a transaction 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. Corporate insiders own 22.38% of the company's stock.
Neo Performance Materials Company Profile
(
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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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