Neo Performance Materials (TSE:NEO) Shares Down 1.4% - Time to Sell?

Shares of Neo Performance Materials Inc. (TSE:NEO - Get Free Report) traded down 1.4% during mid-day trading on Monday . The stock traded as low as C$7.85 and last traded at C$7.87. 148,320 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 71,022 shares. The stock had previously closed at C$7.98.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their target price on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th.

Neo Performance Materials Price Performance

The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92. The stock's 50 day moving average price is C$8.05 and its two-hundred day moving average price is C$8.01. The firm has a market capitalization of C$329.41 million, a price-to-earnings ratio of 87.67 and a beta of 1.38.

Neo Performance Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 27th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Tuesday, December 17th. Neo Performance Materials's dividend payout ratio is 444.44%.

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.