Neo Performance Materials (TSE:NEO) Sets New 12-Month High - What's Next?

Neo Performance Materials Inc. (TSE:NEO - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$17.04 and last traded at C$16.58, with a volume of 122605 shares changing hands. The stock had previously closed at C$16.54.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on Neo Performance Materials from C$16.50 to C$17.50 in a report on Monday, May 12th.

Neo Performance Materials Price Performance

The business's 50-day simple moving average is C$12.40 and its two-hundred day simple moving average is C$10.11. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. The firm has a market cap of C$497.54 million, a price-to-earnings ratio of -223.26 and a beta of 1.38.

Neo Performance Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, June 17th. Neo Performance Materials's payout ratio is -525.33%.

Insiders Place Their Bets

In other Neo Performance Materials news, Director Rahim Suleman purchased 5,100 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of C$9.87 per share, with a total value of C$50,344.14. 22.38% of the stock is currently owned by company insiders.

Neo Performance Materials Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.