Elmet Group Co. (NASDAQ:ELMT) Given Average Recommendation of “Moderate Buy” by Brokerages

Elmet Group Co. (NASDAQ:ELMT) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.50.

Several equities research analysts have recently weighed in on ELMT shares. Cantor Fitzgerald started coverage on Elmet Group in a report on Monday, May 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Zacks Research raised Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Needham & Company LLC started coverage on Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $21.00 price objective for the company. Wall Street Zen raised Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Finally, 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 objective for the company.

Insider Activity 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 completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly Monzeglio Anania purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were bought at an average price of $14.00 per share, with a total value of $98,000.00. Following the purchase, the director directly owned 7,000 shares of the company’s stock, valued at approximately $98,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Elmet Group Trading Down 0.0%

ELMT stock opened at $20.44 on Monday. Elmet Group has a twelve month low of $13.38 and a twelve month high of $22.51.

Elmet Group (NASDAQ:ELMT) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.41. The firm had revenue of $56.01 million during the quarter, compared to analyst estimates of $52.77 million.

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.