Shares of Neo Performance Materials Inc. (TSE:NEO – Get Free Report) hit a new 52-week high during mid-day 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 changing hands. The stock had previously closed at C$9.12.
Neo Performance Materials Price Performance
The firm has a market capitalization of C$275.40 million, a price-to-earnings ratio of -123.58 and a beta of 1.38. The business’s fifty day simple moving average is C$8.27 and its 200 day simple moving average is C$8.12. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92.
Neo Performance Materials Company Profile
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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