Neo Performance Materials (TSE:NEO) Hits New 1-Year High - What's Next?

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$13.25 and last traded at C$13.29, with a volume of 121872 shares traded. The stock had previously closed at C$12.81.

Analyst Upgrades and Downgrades

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

Neo Performance Materials Price Performance

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$400.08 million, a PE ratio of -179.53 and a beta of 1.38. The business has a fifty day moving average of C$11.06 and a 200-day moving average of C$9.29.

Neo Performance Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.93%. Neo Performance Materials's dividend payout ratio (DPR) is -525.33%.

Insider Activity

In related news, Director Rahim Suleman acquired 5,100 shares of Neo Performance Materials stock in a transaction on Wednesday, June 4th. The shares were acquired at an average cost of C$9.87 per share, with a total value of C$50,344.14. Insiders own 22.38% of the company's stock.

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.