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.
Read Our Latest Research Report on NEO
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
(
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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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