Neo Performance Materials (TSE:NEO) Stock Price Up 1.2% – Time to Buy?

Shares of Neo Performance Materials Inc. (TSE:NEO) were up 1.2% during mid-day trading on Thursday . The stock traded as high as C$8.75 and last traded at C$8.65. Approximately 37,536 shares changed hands during trading, a decline of 41% from the average daily volume of 63,270 shares. The stock had previously closed at C$8.55.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price target 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.

Neo Performance Materials Stock Performance

The stock has a 50 day moving average of C$8.25 and a 200 day moving average of C$8.04. The company has a market capitalization of C$253.16 million, a price-to-earnings ratio of -113.60 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.

Neo Performance Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Tuesday, December 17th. Neo Performance Materials’s dividend payout ratio is currently -525.33%.

Neo Performance Materials Company Profile

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.