Neo Performance Materials (TSE:NEO) Sets New 52-Week High – Should You Buy?

Neo Performance Materials Inc. (TSE:NEO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.76 and last traded at C$10.60, with a volume of 317880 shares trading hands. The stock had previously closed at C$9.26.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their price objective on Neo Performance Materials from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Wednesday, March 19th.

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 firm’s 50-day moving average is C$8.46 and its two-hundred day moving average is C$8.24. The company has a market cap of C$292.67 million, a P/E ratio of -131.33 and a beta of 1.38.

About Neo Performance Materials

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.