Neo Performance Materials (TSE:NEO) Shares Down 0.2% – Here’s Why

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

Analysts Set New Price Targets

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

Neo Performance Materials Stock Performance

The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. The stock has a market cap of C$822.41 million, a PE ratio of -123.56 and a beta of 0.92. The company’s 50-day moving average price is C$17.34 and its two-hundred day moving average price is C$17.75.

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

Neo Performance Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, December 19th. Neo Performance Materials’s dividend payout ratio (DPR) is currently -177.80%.

Neo Performance Materials Company Profile

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.