Neo Performance Materials Inc. (TSE:NEO) Senior Officer Kevin Morris Purchases 7,000 Shares

Neo Performance Materials Inc. (TSE:NEO) Senior Officer Kevin Morris bought 7,000 shares of Neo Performance Materials stock in a transaction on Monday, March 25th. The stock was purchased at an average price of C$6.09 per share, with a total value of C$42,630.00.

Neo Performance Materials Trading Up 2.3 %

Shares of TSE:NEO opened at C$6.30 on Friday. The business has a 50-day moving average price of C$7.10 and a 200-day moving average price of C$7.35. The company has a quick ratio of 1.92, a current ratio of 3.08 and a debt-to-equity ratio of 6.76. The stock has a market cap of C$262.27 million, a price-to-earnings ratio of -24.23 and a beta of 1.48. Neo Performance Materials Inc. has a 52-week low of C$5.50 and a 52-week high of C$9.50.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced 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 report on Monday, March 18th. Raymond James lowered 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 note on Monday, March 18th.

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.