Shares of Neo Performance Materials Inc. (TSE:NEO - Get Free Report) were up 16.8% during trading on Wednesday . The company traded as high as C$10.88 and last traded at C$10.82. Approximately 404,363 shares traded hands during trading, an increase of 392% from the average daily volume of 82,119 shares. The stock had previously closed at C$9.26.
Analysts Set New Price Targets
Separately, Stifel Nicolaus upped their price target on shares of 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.
Read Our Latest Stock Report on NEO
Neo Performance Materials Price Performance
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 stock has a market capitalization of C$291.79 million, a price-to-earnings ratio of -130.94 and a beta of 1.38. The stock has a 50 day moving average price of C$8.51 and a 200-day moving average price of C$8.27.
About Neo Performance Materials
(
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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.
Further Reading
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