Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price was up 11.1% on Monday . The company traded as high as C$15.50 and last traded at C$15.19. Approximately 305,703 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 129,263 shares. The stock had previously closed at C$13.67.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus upped their price target on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.
Get Our Latest Stock Analysis on Neo Performance Materials
Neo Performance Materials Price Performance
The stock has a 50-day simple moving average of C$11.47 and a 200 day simple moving average of C$9.49. The stock has a market capitalization of C$428.17 million, a P/E ratio of -192.14 and a beta of 1.38. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59.
Neo Performance Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.73%. 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 Neo Performance Materials stock in a transaction on Wednesday, June 4th. The shares were purchased at an average cost of C$9.87 per share, with a total value of C$50,344.14. Corporate insiders own 22.38% of the company's stock.
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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