Neo Performance Materials Inc. (TSE:NEO - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$13.25 and last traded at C$13.29, with a volume of 121872 shares trading hands. The stock had previously closed at C$12.81.
Analyst Ratings Changes
Separately, Stifel Nicolaus increased their price objective on Neo Performance Materials from C$16.50 to C$17.50 in a report on Monday, May 12th.
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Neo Performance Materials Stock Up 1.3%
The firm has a 50 day simple moving average of C$10.98 and a two-hundred day simple moving average of C$9.25. 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 company has a market capitalization of C$396.86 million, a PE ratio of -178.09 and a beta of 1.38.
Neo Performance Materials Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.10 per share. 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 2.95%. Neo Performance Materials's dividend payout ratio (DPR) is -525.33%.
Insider Activity at Neo Performance Materials
In other Neo Performance Materials news, Director Rahim Suleman acquired 5,100 shares of the company'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 owned by 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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