Neo Performance Materials (TSE:NEO) Stock Price Down 0.1% – What’s Next?

Neo Performance Materials Inc. (TSE:NEO)’s share price traded down 0.1% on Thursday . The company traded as low as C$7.93 and last traded at C$7.97. 18,431 shares traded hands during trading, a decline of 75% from the average session volume of 72,342 shares. The stock had previously closed at C$7.98.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Canaccord Genuity Group increased their price target on shares of Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Cormark increased their price target on shares of Neo Performance Materials from C$12.00 to C$12.50 in a research note on Wednesday, August 21st.

Neo Performance Materials Stock Down 0.1 %

The stock’s 50 day simple moving average is C$8.01 and its two-hundred day simple moving average is C$7.77. The firm has a market cap of C$332.75 million, a P/E ratio of 88.56 and a beta of 1.38. The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92.

Neo Performance Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Tuesday, September 17th. Neo Performance Materials’s dividend payout ratio (DPR) is currently 444.44%.

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.