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

Elmet Group Co. (NASDAQ:ELMT) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.50.

A number of analysts have weighed in on the company. Roth Mkm started coverage on Elmet Group in a research note on Monday. They issued a “buy” rating and a $21.00 price target on the stock. Zacks Research upgraded Elmet Group to a “hold” rating in a research report on Tuesday. Canaccord Genuity Group started coverage on Elmet Group in a research report on Monday. They set a “buy” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Elmet Group to a “hold” rating in a research report on Saturday, May 2nd. Finally, Needham & Company LLC started coverage on Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 target price on the stock.

Insider Activity

In other Elmet Group news, Director Kathie Merrill Leonard acquired 5,000 shares of the stock in a transaction on Wednesday, April 22nd. The shares were bought at an average price of $14.00 per share, with a total value of $70,000.00. Following the acquisition, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimberly Monzeglio Anania acquired 7,000 shares of the stock in a transaction 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 acquisition, the director directly owned 7,000 shares in the company, valued at $98,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Elmet Group Stock Performance

Shares of NASDAQ ELMT opened at $14.03 on Thursday. Elmet Group has a 12-month low of $13.38 and a 12-month high of $22.25.

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.