Shares of Neo Performance Materials Inc. (TSE:NEO - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$15.50 and last traded at C$14.55, with a volume of 541575 shares trading hands. The stock had previously closed at C$13.67.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus raised their price objective on Neo Performance Materials from C$16.50 to C$17.50 in a research note on Monday, May 12th.
Read Our Latest Analysis on NEO
Neo Performance Materials Price Performance
The firm has a market capitalization of C$429.05 million, a PE ratio of -192.53 and a beta of 1.38. The firm's fifty day moving average price is C$11.55 and its 200 day moving average price is C$9.54. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65.
Neo Performance Materials Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.73%. Neo Performance Materials's payout ratio is currently -525.33%.
Insider Activity
In related news, Director Rahim Suleman bought 5,100 shares of the stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of C$9.87 per share, for a total transaction of C$50,344.14. 22.38% of the stock is currently owned by company 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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