Neo Performance Materials (TSE:NEO) Stock Price Down 1.4% – Time to Sell?

Neo Performance Materials Inc. (TSE:NEO)’s stock price was down 1.4% on Monday . The company traded as low as C$7.85 and last traded at C$7.87. Approximately 148,320 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 71,022 shares. The stock had previously closed at C$7.98.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased 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 research note on Thursday, October 17th.

Neo Performance Materials Stock Down 1.4 %

The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92. The stock has a 50 day simple moving average of C$8.05 and a 200-day simple moving average of C$8.01. The firm has a market cap of C$328.57 million, a PE ratio of 87.44 and a beta of 1.38.

Neo Performance Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 27th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Tuesday, December 17th. Neo Performance Materials’s dividend payout ratio is presently 444.44%.

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.