Neo Performance Materials (TSE:NEO) Reaches New 1-Year High – Should You Buy?

Shares of Neo Performance Materials Inc. (TSE:NEO) reached a new 52-week high during trading on Tuesday . The company traded as high as C$37.85 and last traded at C$37.70, with a volume of 153867 shares trading hands. The stock had previously closed at C$36.11.

Analyst Ratings Changes

A number of research firms recently weighed in on NEO. Stifel Nicolaus upped their target price on shares of Neo Performance Materials from C$26.00 to C$38.00 in a report on Wednesday, May 13th. BMO Capital Markets boosted their price target on shares of Neo Performance Materials from C$30.00 to C$38.00 in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$38.00.

Neo Performance Materials Stock Up 4.0%

The stock’s 50 day moving average price is C$30.99 and its 200-day moving average price is C$24.31. The company has a debt-to-equity ratio of 41.75, a quick ratio of 1.92 and a current ratio of 1.76. The company has a market cap of C$1.73 billion, a PE ratio of -156.46 and a beta of 1.45.

Neo Performance Materials (TSE:NEO) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. Neo Performance Materials had a negative return on equity of 2.63% and a negative net margin of 2.03%.The firm had revenue of C$215.44 million for the quarter. On average, analysts predict that Neo Performance Materials Inc. will post 0.6753356 earnings per share for the current year.

Neo Performance Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 19th. Neo Performance Materials’s dividend payout ratio is -120.72%.

Neo Performance Materials Company Profile

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.