Neo Performance Materials (TSE:NEO) Stock Price Down 6.2% - Should You Sell?

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s share price fell 6.2% during mid-day trading on Friday . The stock traded as low as C$10.85 and last traded at C$11.11. 231,284 shares traded hands during trading, an increase of 140% from the average session volume of 96,379 shares. The stock had previously closed at C$11.84.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on shares of Neo Performance Materials from C$15.00 to C$16.50 and gave the stock a "buy" rating in a report on Wednesday, March 19th.

Neo Performance Materials Stock Down 6.2 %

The company has a market capitalization of C$325.16 million, a PE ratio of -145.91 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. The firm has a fifty day simple moving average of C$9.38 and a 200-day simple moving average of C$8.59.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.

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