Shares of Neo Performance Materials Inc. (TSE:NEO – Get Free Report) hit a new 52-week high during trading on Thursday after Stifel Nicolaus raised their price target on the stock from C$15.00 to C$16.50. Stifel Nicolaus currently has a buy rating on the stock. Neo Performance Materials traded as high as C$9.80 and last traded at C$9.41, with a volume of 106404 shares trading hands. The stock had previously closed at C$9.12.
Neo Performance Materials Stock Down 2.0 %
The company has a market capitalization of C$275.40 million, a PE ratio of -123.58 and a beta of 1.38. 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’s 50 day moving average is C$8.34 and its 200 day moving average is C$8.14.
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.
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