Neo Performance Materials (TSE:NEO) Shares Up 2.8% - What's Next?

Neo Performance Materials Inc. (TSE:NEO - Get Free Report) shares rose 2.8% during mid-day trading on Monday . The company traded as high as C$17.04 and last traded at C$17.00. Approximately 231,816 shares changed hands during trading, an increase of 62% from the average daily volume of 142,734 shares. The stock had previously closed at C$16.54.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their target price 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 stock has a market cap of C$485.83 million, a P/E ratio of -218.01 and a beta of 1.38. The business has a 50 day simple moving average of C$12.90 and a 200-day simple moving average of C$10.33. 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 27th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, June 17th. Neo Performance Materials's dividend payout ratio is presently -525.33%.

Insider Activity

In other news, Director Rahim Suleman purchased 5,100 shares of the company's stock in a transaction dated 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 currently owned by corporate 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.