Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.47 and last traded at C$16.32, with a volume of 304365 shares. The stock had previously closed at C$15.97.
Analysts Set New Price Targets
Separately, Stifel Nicolaus upped 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 Research Report on Neo Performance Materials
Neo Performance Materials Trading Down 0.7%
The firm has a market capitalization of C$489.05 million, a PE ratio of -219.45 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. The stock's fifty day simple moving average is C$12.29 and its 200 day simple moving average is C$10.02.
Neo Performance Materials Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.40 annualized dividend and a yield of 2.39%. Neo Performance Materials's payout ratio is -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 on Wednesday, June 4th. The stock was acquired at an average price of C$9.87 per share, for a total transaction of C$50,344.14. 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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