Neo Performance Materials Inc. (TSE:NEO) Senior Officer Buys C$42,630.00 in Stock

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

Neo Performance Materials Price Performance

TSE NEO opened at C$6.16 on Thursday. Neo Performance Materials Inc. has a 52 week low of C$5.50 and a 52 week high of C$9.50. 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$256.44 million, a price-to-earnings ratio of -23.69 and a beta of 1.48. The company has a 50-day moving average price of C$7.12 and a two-hundred day moving average price of C$7.36.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEO. Stifel Nicolaus lowered their price objective 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 lowered their price objective 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 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.