Neo Performance Materials Inc. (TSE:NEO) Senior Officer Kevin Morris Acquires 7,000 Shares

Neo Performance Materials Inc. (TSE:NEOGet Free Report) Senior Officer Kevin Morris bought 7,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of C$6.09 per share, with a total value of C$42,630.00.

Neo Performance Materials Price Performance

Shares of TSE:NEO opened at C$6.05 on Wednesday. The company has a current ratio of 3.08, a quick ratio of 1.92 and a debt-to-equity ratio of 6.76. Neo Performance Materials Inc. has a 1 year low of C$5.50 and a 1 year high of C$9.57. The business has a fifty day simple moving average of C$7.15 and a 200 day simple moving average of C$7.37. The firm has a market cap of C$251.86 million, a price-to-earnings ratio of -23.27 and a beta of 1.47.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus decreased their target price on 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 decreased their target price on 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.

Read Our Latest Research Report on NEO

About Neo Performance Materials

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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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