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

Elmet Group Co. (NASDAQ:ELMT) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.50.

A number of equities analysts have recently issued reports on ELMT shares. Cantor Fitzgerald started coverage on shares of Elmet Group in a report on Monday, May 18th. They issued an “overweight” rating and a $20.00 price target for the company. Needham & Company LLC started coverage on shares of Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $21.00 price target for the company. Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Finally, Roth Mkm started coverage on shares of 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 Price Performance

Shares of ELMT opened at $19.44 on Monday. Elmet Group has a 52-week low of $13.38 and a 52-week high of $22.51.

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

Insider Transactions at Elmet Group

In related news, Director Kathie Merrill Leonard purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average price of $14.00 per share, for a total transaction of $70,000.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimberly Monzeglio Anania acquired 7,000 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, for a total transaction of $98,000.00. Following the completion of the purchase, the director owned 7,000 shares in the company, valued at $98,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information.

About Elmet Group

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.