Neo Performance Materials (TSE:NEO) Trading Up 16.8% - What's Next?

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s share price shot up 16.8% on Wednesday . The stock traded as high as C$10.88 and last traded at C$10.82. 404,363 shares were traded during mid-day trading, an increase of 392% from the average session volume of 82,119 shares. The stock had previously closed at C$9.26.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their target price on Neo Performance Materials from C$15.00 to C$16.50 and gave the stock a "buy" rating in a research report on Wednesday, March 19th.

Neo Performance Materials Trading Down 2.4 %

The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. The firm's 50-day moving average price is C$8.51 and its 200 day moving average price is C$8.27. The company has a market cap of C$285.64 million, a price-to-earnings ratio of -128.18 and a beta of 1.38.

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.