Neo Performance Materials (TSE:NEO) Stock Falls 0.2% – Should You Sell?

Shares of Neo Performance Materials Inc. (TSE:NEO) fell 0.2% on Monday. The company traded as low as C$25.79 and last traded at C$26.01. 157,182 shares were traded during trading, a decline of 47% from the average session volume of 299,187 shares. The stock had previously closed at C$26.06.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NEO shares. BMO Capital Markets raised their price target on Neo Performance Materials from C$43.00 to C$60.00 in a research note on Monday, July 13th. Jefferies Financial Group raised Neo Performance Materials to a “strong-buy” rating in a research note on Friday, September 25th. Stifel Nicolaus increased their price objective on Neo Performance Materials from C$49.00 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Neo Performance Materials from C$43.00 to C$53.50 and gave the company an “outperform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$56.17.

Neo Performance Materials Stock Performance

The firm has a fifty day simple moving average of C$31.26 and a 200 day simple moving average of C$32.00. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 34.03. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 2,668.00 and a beta of 1.33.

Neo Performance Materials (TSE:NEO) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$292.32 million during the quarter. Neo Performance Materials had a net margin of 0.15% and a return on equity of 0.21%. As a group, sell-side analysts expect that Neo Performance Materials Inc. will post 0.68 earnings per share for the current year.

Neo Performance Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 28th were paid a $0.10 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Neo Performance Materials’s payout ratio is 2,870.19%.

Insider Buying and Selling

In other Neo Performance Materials news, Director Rahim Suleman bought 2,800 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of C$36.38 per share, for a total transaction of C$101,864.00. Following the completion of the acquisition, the director owned 481,997 shares of the company’s stock, valued at approximately C$17,535,050.86. This trade represents a 0.58% increase in their ownership of the stock. 22.38% of the stock is currently owned by company insiders.

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.