Neo Performance Materials (TSE:NEO) Trading Up 1%

Neo Performance Materials Inc. (TSE:NEO) traded up 1% during trading on Tuesday . The stock traded as high as C$6.00 and last traded at C$6.00. 68,413 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 81,750 shares. The stock had previously closed at C$5.94.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Neo Performance Materials from C$9.00 to C$7.50 and set a “hold” rating for the company in a research report on Monday, March 18th. Raymond James decreased their target price on shares of Neo Performance Materials from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Monday, March 18th.

Neo Performance Materials Stock Performance

The company has a current ratio of 3.08, a quick ratio of 1.92 and a debt-to-equity ratio of 6.76. The stock has a market cap of C$250.61 million, a P/E ratio of -23.08 and a beta of 1.48. The firm’s 50-day simple moving average is C$6.68 and its 200 day simple moving average is C$7.13.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings data on Friday, March 15th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.12). The company had revenue of C$175.19 million during the quarter, compared to the consensus estimate of C$187.67 million. Neo Performance Materials had a negative net margin of 1.48% and a negative return on equity of 1.84%. As a group, equities research analysts anticipate that Neo Performance Materials Inc. will post 0.4738462 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jonathan Baksh acquired 13,575 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of C$6.14 per share, for a total transaction of C$83,384.44. In other Neo Performance Materials news, Senior Officer Kevin Morris bought 7,000 shares of Neo Performance Materials stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$6.09 per share, for a total transaction of C$42,630.00. Also, Senior Officer Jonathan Baksh bought 13,575 shares of Neo Performance Materials stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of C$6.14 per share, with a total value of C$83,384.44. Insiders purchased 81,175 shares of company stock worth $492,578 over the last three months. Corporate insiders own 21.52% of the company’s stock.

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.