Elmet Group Co. (NASDAQ:ELMT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Elmet Group Co. (NASDAQ:ELMT) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.50.

A number of research firms recently weighed in on ELMT. Needham & Company LLC began coverage on shares of Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $21.00 target price on the stock. Canaccord Genuity Group assumed coverage on Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $20.00 price target for the company. Zacks Research raised Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen raised Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Finally, Roth Mkm assumed coverage on Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $21.00 price target for the company.

Elmet Group Stock Down 0.0%

ELMT stock opened at $20.44 on Monday. Elmet Group has a fifty-two week low of $13.38 and a fifty-two week high of $22.51.

Elmet Group (NASDAQ:ELMT) last released its earnings results on Friday, May 29th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.41. The firm had revenue of $56.01 million for the quarter, compared to analysts’ expectations of $52.77 million.

Insider Buying and Selling

In other Elmet Group news, Director Kimberly Monzeglio Anania purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average cost of $14.00 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director directly owned 7,000 shares of the company’s stock, valued at $98,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathie Merrill Leonard purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was acquired at an average cost of $14.00 per share, with a total value of $70,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Elmet Group Company Profile

Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.