Kevin Morris Buys 7,000 Shares of Neo Performance Materials Inc. (TSE:NEO) Stock

Neo Performance Materials Inc. (TSE:NEO) Senior Officer Kevin Morris purchased 7,000 shares of Neo Performance Materials stock in a transaction dated Monday, March 25th. The shares were bought at an average price of C$6.09 per share, with a total value of C$42,630.00.

Neo Performance Materials Trading Up 1.8 %

Shares of NEO opened at C$6.16 on Thursday. The company has a debt-to-equity ratio of 6.76, a current ratio of 3.08 and a quick ratio of 1.92. The firm has a 50 day simple moving average of C$7.12 and a 200-day simple moving average of C$7.36. Neo Performance Materials Inc. has a 1-year low of C$5.50 and a 1-year high of C$9.50. The stock has a market cap of C$256.44 million, a price-to-earnings ratio of -23.69 and a beta of 1.48.

Analyst Upgrades and Downgrades

NEO has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Neo Performance Materials from C$9.00 to C$7.50 and set a “hold” rating for the company in a research report on Monday, March 18th. Raymond James reduced their price target on shares of Neo Performance Materials from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Monday, March 18th.

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.