Neo Performance Materials (TSE:NEO) Trading Down 0.2% – Time to Sell?

Neo Performance Materials Inc. (TSE:NEO) was down 0.2% during trading on Thursday . The company traded as low as C$18.60 and last traded at C$19.77. Approximately 377,788 shares were traded during trading, an increase of 61% from the average daily volume of 234,074 shares. The stock had previously closed at C$19.81.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price target on shares of Neo Performance Materials from C$22.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Neo Performance Materials presently has an average rating of “Buy” and a consensus target price of C$25.00.

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The firm has a market capitalization of C$822.41 million, a PE ratio of -123.56 and a beta of 0.92. The company’s fifty day simple moving average is C$17.34 and its 200 day simple moving average is C$17.75.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$122.21 million for the quarter. Neo Performance Materials had a negative net margin of 0.48% and a negative return on equity of 0.53%. As a group, equities research analysts expect that Neo Performance Materials Inc. will post 0.6753356 EPS for the current fiscal year.

Neo Performance Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. Neo Performance Materials’s dividend payout ratio is currently -177.80%.

About Neo Performance Materials

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. The Chemicals & Oxides segment manufactures and distributes a broad range of advanced industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium.