Neo Performance Materials (TSE:NEO) Trading Down 0.5% - What's Next?

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s share price fell 0.5% during mid-day trading on Monday . The stock traded as low as C$7.77 and last traded at C$7.80. 25,601 shares changed hands during trading, a decline of 61% from the average session volume of 66,135 shares. The stock had previously closed at C$7.84.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their price objective on shares of Neo Performance Materials from C$15.00 to C$16.50 and gave the company a "buy" rating in a research report on Wednesday.

Neo Performance Materials Stock Down 0.5 %

The firm's 50-day moving average price is C$8.30 and its 200-day moving average price is C$8.13. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The company has a market cap of C$279.50 million, a price-to-earnings ratio of -125.42 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.